Performance – COVID-19 Reopening vs. Lockdown Portfolio and U.S. 30-Year Treasury Yield BofA expects 30-year U.S. Treasury yields to rise and the “reopening portfolio” to fall. Image: BofA Global Investment Strategy
Bear Markets – 30-Year U.S. Treasury Drawdown Will the U.S. Treasury bond market continue to sell off? Image: BofA ETF Research
Valuation – S&P 500 Forward P/E and U.S. Real 30-Year Mortgage Lending Rate Should investors expect U.S. equity valuations to fall? Image: Nordea and Macrobond
S&P 500 Value Index/S&P 500 Growth Index vs. 30-Year Treasury Yield The direction of long-term interest rates tends to drive the style rotation. Image: Morgan Stanley Wealth Management
30-Year U.S. Bond Total Return Minus S&P 500 Total Return Will the S&P 500 continue to outperform U.S. bonds this year? Image: BofA Global Investment Strategy
Real U.S. 30-Year Interest Rates How long will real U.S. 30-year interest rates remain negative? Image: BofA Global Investment Strategy
U.S. 30-Year Fixed Mortgage Rates With Treasury yields rising, are ultra-low mortgage rates over? Image: BofA Global Research
Bonds and Correlations – 30-Year Treasury Yield The U.S. 30-year Treasury yield correlates with many intra-equity trends. Image: Alpine Macro
Trade-Weighted U.S. Dollar Index and U.S. 30-Year T-Bond Price vs. MSCI All-Country World Will the safe haven U.S. dollar continue to rise amid Delta COVID variant outbreak? Image: BCA Research
Inflation – U.S. 30-Year Breakeven Rate Has inflation fear gone away? Image: Bloomberg
Global Equity Market – MSCI All-Country World vs. 30-Year T-Bond After a strong rally, should investors expect a consolidation in the global equity market in the coming months? Image: BCA Research