S&P 500 Options: % of S&P 500 Listed Volume Expiring within 24 Hours The desire for quick profits has driven a surge in trading activity for short-term S&P 500 options with less than 24 hours to maturity, reaching unprecedented record levels. Image: Goldman Sachs Global Investment Research
Returns – 20+ Year Treasury Bond ETF Drawdown Should investors consider long-maturity Treasuries after the market selloff? Image: The Daily Shot
Investors and Trading Activity in Options Investors are trading more actively in options with less than 2 weeks to maturity, driven by better visibility of the catalyst path. Image: Goldman Sachs Global Investment Research
Negative Yielding Debt in the Bloomberg/Barclays Aggregate Index This chart puts negative yielding debt into perspective. Bondholders will get back less than what they paid if they hold bonds to maturity. Image: Bianco Research Click the Image to Enlarge
Debt Securities Issued by S&P 500 Companies Should investors be concerned about the corporate debt maturity wall? This chart shows the long term S&P 500 debt maturity schedule. Image: J.P. Morgan US Equity Strategy & Global Quantitative Research
Negative-Yielding Debt by Country The chart shows negative-yielding debt by country as of June 2019. Bondholders will get back less than what they paid if they hold bonds to maturity. So, in a sense, negative yield bonds are a tax on bondholders. Picture Source: Bloomberg
Negative Yielding Bonds in the Barclays/Bloomberg Global Aggregate Index These charts put things into perspective. Keep in mind that bondholders will get back less than what they paid if they hold bonds to maturity. Negative yield bonds are also a tax on bondholders. Image: Bianco Research
One of the Best Yield Curves to Predict a Recession is Coming The spread between the 30-year and the 3-month treasury yields is one of the best recession signal of all the yield spreads. In recent history, a recession occurs about 12 to 18 months after the yield curve inverts. When an inverted yield curve…