Rates – 10-Year U.S. Breakeven Rate and Federal Reserve 10-Year U.S. Real Rate Should investors be worried about the risk of rising U.S. real rates? Image: Morgan Stanley Wealth Management
U.S. Federal Reserve – Assets and Fed Funds Could the Federal Reserve raise interest rates later than expected? Image: BCA Research
Valuation – Federal Reserve Total Assets and S&P 500 Index Forward Price/Earnings Will Fed asset purchases continue to push valuations higher indefinitely? Image: Morgan Stanley Wealth Management
U.S. Dollar Share of Allocated Reserves The share of the U.S. dollar in global reserves has decreased and now stands at 59%. Image: Goldman Sachs Global Investment Research
S&P 500 and Bank Reserves U.S. excess liquidity is expected to rise significantly and tends to push equities higher. Image: Nordea and Macrobond
U.S. 10Y-2Y Yield Curve and Fed Balance Sheet Total Reserves What is the risk of tapering? After Dec-13 tapering, the U.S. Treasury yield curve flattened considerably. Image: Deutsche Bank
Federal Reserve Balance Sheet as % of GDP The Federal balance sheet is expected to expand by more than 40% of GDP. Image: BofA Global Research
Quantitative Easing (QE) – Total Assets of the Federal Reserve Are investors facing a reality of QE to infinity and beyond? Image: BofA Global Research
Federal Reserve Balance Sheet Until 2022 The Fed’s balance sheet is expected to peak at US$9 trillion in 2022. Image: Morgan Stanley Research
U.S. Dollar – Share of Global Currency Reserves The U.S. dollar maintains its status as the global reserve currency, despite the recent slide. Image: BCA Research