10-Year/2-Year Treasury Yield Curve Around First Fed Rate Cuts The chart shows that the 10-Year/2-Year Treasury yield curve usually steepens around the first Fed rate cut. Image: Ned Davis Research
Divergence Between the 2-Year U.S. Treasury Yield and the U.S. Dollar Trump wants a weaker US dollar, but could the dollar weaken in the coming months? Image: Legg Mason
U.S. 10-Year Yield Leads Global PMI This interesting chart suggests that the U.S. 10-year yield (2-year change) leads global PMI by 18 months. Source: Macrobond and Brandywine Global
Small Bank Lending and 2-Year/Fed Funds Spread This chart shows the correlation between small bank lending and falling rates, and the negative effect of an inverted yield curve on small bank lending. Image: TS Lombard
The Yield Curve Leads VIX (Volatility) by Three Years Is more volatility expected ahead? This chart suggests that the CBOE Volatility Index or VIX usually follows the U.S. 10-year vs. 2-year Treasury spread (inverted) with a 3-year lag. Image: Morgan Stanley Research
Gold vs. Short-term Treasury Yield This chart shows the correlation between gold and 2-year treasury yield (inverse). Gold rises on slowing global growth and short-term treasury yield inverse. Image: Jeroen Blokland