Search Results for: treasuries

Net Speculative Treasury Bond Positions Why everyone hates Treasuries? Is this the best contrarian trade? Image: Alpine Macro

U.S. Treasury Yields Since 2003 Including U.S. Cycles and Key Trends Chart suggesting that the current move in U.S. Treasuries coincide with the recovery phase of the U.S. economic cycle. Image: Morgan Stanley Research

% S&P 500 Stocks with Dividends Greater than 10-Year Treasury Yield No alternative? 77% of S&P 500 stocks are paying dividends greater than 10-year Treasuries. Image: BofA Research Investment Committee

Bloomberg Barclays U.S. Treasury Index Total Return U.S. Treasuries have recorded their strongest performance in the past seven years, thanks to Fed stimulus. Image: Morgan Stanley Research

Probability of a U.S. Recession as Currently Priced Across Asset Classes Chart suggesting that the S&P 500 implies a 57% chance of recession, while 5-year U.S. Treasuries imply a 86% chance of recession. Image: J.P. Morgan

Valuation – U.S. 10-Year Treasury Yield vs. Fair Value Chart suggesting that U.S. 10-year Treasuries are extremely overvalued. Image: BCA Research

% of S&P 500 Stocks with Dividends Yields Greater than the 10-Year Treasury Yield Dividend yields on S&P 500 stocks seem competitive vs. U.S. Treasuries, but equity risk does not disappear because a company pays a dividend. Image: Truist

Liquidity – Average Daily Trading Volumes U.S. treasuries are the most liquid class of assets, with an average of $485 billion a day in 2018. Image: howmuch.net

Treasury Holdings: Who Are the Major Foreign Holders of U.S. Treasury Securities? Currently, the two major foreign holders of U.S. Treasury securities are Japan and China. Japan surpasses China as largest foreign holder of U.S. Treasuries. Image: Department of the Treasury/Federal Reserve Board Click the Image to Enlarge

S&P 500 When ISM Manufacturing Index Rises Above 50 When the ISM Manufacturing Index rises above 50, U.S. Treasuries and the U.S. dollar tend to weaken, while the S&P 500 tends to rise. Image: Nordea and Macrobond

S&P 500 Stocks with Dividend Yields Above 30-Year Treasury Yield Yields on U.S. equities seem competitive vs. U.S. Treasuries, but equity risk does not disappear because a company pays a dividend. Image: Legg Mason