Yield Curve vs. Global Equities

Yield Curve vs. Global Equities Global yield curves suggest optimism for risk assets in 2020. Image: Topdown Charts

U.S. Rates and Yield Curve

U.S. Rates and Yield Curve Chart suggesting that the triangle pattern could drive the U.S. 10-year Treasury above 2% this year. Image: Fidelity Investments

10Y-2Y Yield Curve and U.S. Recession

10Y-2Y Yield Curve and U.S. Recession The U.S. yield curve is steepening and suggests optimism for 2020, as investors become more confident in the U.S. economy. Image: Financial Times

U.S. Corporate Profits and 10Y-3M Yield Curve

U.S. Corporate Profits and 10Y-3M Yield Curve While the divergence between large-cap profits and the rest of the economy is the widest on record, the steepening yield curve suggests an earnings rebound. Image: BofA Global Research

Yield Curve 10Y-2Y and U.S. ISM Manufacturing Index

Yield Curve 10Y-2Y and U.S. ISM Manufacturing Index Chart suggesting that the 10Y-2Y spread (YoY) leads the U.S. ISM Manufacturing Index (YoY) by 18 months. U.S. PMI could bounce back in 2020. Image: Nordea and Macrobond

200D Change in Yield Curve 30Y-10Y Leads U.S. ISM Manufacturing Index

200D Change in Yield Curve 30Y-10Y Leads U.S. ISM Manufacturing Index This great chart suggests that 200-Day Change in Yield Curve 30-Year minus 10-Year spread leads U.S. ISM Manufacturing Index by 16 months. It also suggests that U.S. PMI is probably bottoming now and could bounce back. Image: Fundstrat Global Advisors, LLC