10-Year U.S. Government Yield

10-Year U.S. Government Yield After more than a decade, 10-year U.S. government yields have finally returned to their long-term average levels of 4.5%. Image: Deutsche Bank

U.S. 10-Year Treasury Yield Since 1790

U.S. 10-Year Treasury Yield Since 1790 Factors like inflation, economic growth, and the Fed’s monetary policy can all impact the trajectory and duration of the U.S. bond bear market. Image: BofA Global Investment Strategy

Valuation – S&P 500 Forward P/E and 10-Year U.S. Real Yield

Valuation – S&P 500 Forward P/E and 10-Year U.S. Real Yield The current valuation of U.S. stocks does not accurately reflect the impact of real interest rates on the economy. Will the valuation disconnect be temporary? Image: Goldman Sachs Global Investment Research

Consecutive Trading Days of Inverted 10Y-3M U.S. Treasury Yield Curve

Consecutive Trading Days of Inverted 10Y-3M U.S. Treasury Yield Curve The inversion of the 10Y-3M UST yield curve typically reflects market expectations of slower economic growth and potentially lower interest rates in the future. Image: Morgan Stanley Wealth Management

S&P 500 Earnings Yield – UST 3-Month Yield

S&P 500 Earnings Yield – UST 3-Month Yield Historically, when the cash yield is higher than the earnings yield, this can be seen as a headwind for U.S. equities, as investors may be more inclined to allocate their funds towards cash investments rather than stocks. Image: BofA Global Investment Strategy

10-Year U.S. Treasury Yield

10-Year U.S. Treasury Yield The breaking of a 40-year downtrend in the 10-year U.S. Treasury yield suggests a shift in market dynamics. Image: Morgan Stanley Wealth Management