Central Bank – BOJ Outright Purchases of JGBs

Central Bank – BOJ Outright Purchases of JGBs Will the Bank of Japan (BOJ) continue to buy Japanese government bonds as part of its yield curve control policy? Image: BofA Global Investment Strategy

U.S. Debt to GDP Ratios

U.S. Debt to GDP Ratios U.S. government debt to infinity and beyond? Image: J.P. Morgan Asset Management

Global Equity Risk Premium

Global Equity Risk Premium The global equity risk premium does not show a high excess equity return over global government bonds. Image: BofA Global Investment Strategy

% of Zombie Firms Among OECD Companies

% of Zombie Firms Among OECD Companies The share of zombie firms in OECD countries is increasing, as a result of governments’ response to the coronavirus crisis. Image: BofA Global Research

Deflation Assets vs. Inflation Assets

Deflation Assets vs. Inflation Assets Is the 40-year bull market in bonds over? Deflation Assets: government bonds, U.S. investment grade, S&P 500, U.S. consumer discretionary, growth and US high yield.Inflation Assets: TIPS, EAFE, U.S. banks, value and cash. Image: BofA Global Investment Strategy

% Share of Rolling Three-Month ETF Inflows

% Share of Rolling Three-Month ETF Inflows Investors favored risky assets over government bonds to end 2020. Image: Arbor Research & Trading LLC Click the Image to Enlarge