Germany – Explaining 10-Year Bund Yields

Germany – Explaining 10-Year Bund Yields This great chart suggests that demographics explain Germany’s 10-year bund yields. An R² of 0.87 is quite high and significant. Image: Arbor Research & Trading LLC

7-10 Year Government Bonds, Total Return in US$

7-10 Year Government Bonds, Total Return in US$ Since the tech war began, Chinese government bonds have outperformed their U.S., German and Japanese counterparts, delivering higher total returns in recent years. Image: Gavekal, Macrobond

DAX vs. S&P 500

DAX vs. S&P 500 Despite the German economy contracting for the second consecutive year, the DAX has shown impressive performance, highlighting the disconnect between stock market gains and economic realities. Image: Goldman Sachs Global Investment Research

G3 Real Core Retail Sales

G3 Real Core Retail Sales Since 2019, real core retail sales in the United States have risen significantly, while Germany has seen stagnant growth and Japan has witnessed a decline, reflecting differing economic conditions and consumer behaviors. Image: BofA Global Research

U.S. 10-Year Treasury Yield vs. 10-Year Bund Yield

U.S. 10-Year Treasury Yield vs. 10-Year Bund Yield It is becoming more common for German bund yields to be below U.S. yields, which can be attributed to the difference in economic conditions and fiscal policies between Germany and the United States. Image: Gavekal, Macrobond