U.S. Dollar vs. U.S. Yield Curve

U.S. Dollar vs. U.S. Yield Curve If the U.S. yield curve continues to steepen, it should be negative for the U.S. dollar. Image: Deutsche Bank

S&P 500 Correlation with U.S. Real Yield

S&P 500 Correlation with U.S. Real Yield The correlation of the S&P 500 with real yields has been negative for most of this year, but it has turned positive again. Image: Goldman Sachs Global Investment Research

Correlation of VIX with U.S. 10-Year TIPS Yields

Correlation of VIX with U.S. 10-Year TIPS Yields The correlation of the VIX with U.S. 10-year TIPS yields has turned negative, as it was during the dot-com bubble burst, the Great Financial Crisis, the European debt crisis,… Image: Goldman Sachs Global Investment Research

Global Real Yields Since 1805

Global Real Yields Since 1805 Negative real yields are an “opportunity” for any government to refinance their debt. Image: Deutsche Bank