Charts of the Week
Corporate Real Yield Expectations Go Negative
December 11, 2020
Yields on the Bloomberg/Barclays U.S. Corporate Index have fallen below 10-year inflation expectations for the first time on record.
Yields on the Bloomberg/Barclays U.S. Corporate Index have fallen below 10-year inflation expectations for the first time on record.
Although most economies are on much better footing versus the early stages of the pandemic, leading indicators suggest growth will remain below average for most countries.
Although high income employment has already recovered pre-pandemic levels, low income employment remains almost 20% below January levels.
Tracking the Fed's Treasury, MBS, and TIPS purchases since March
An update of the world of negative-yielding debt
A long-term look at US deficit/surplus to GDP since 1791
Some charts from our recent posts.
Betting markets still give Republicans a 71% chance of retaining the majority of the Senate. They are seemingly at odds with the polls that suggest this is a much closer race. Polls were off going into election day by consistently overstating the Democrats' strength.
Housing inflation is at its lowest level in roughly a decade.
Today's topics include weekly jobless claims, ECB pandemic playbook update. the seven figure oil trade, on inflation, controversy over pandemic bonds, a new housing boom, valuation warnings signs are back, negative yielding bonds, more transparency for retail investors coming, EU bond market troubles, and the K-shaped recovery
Are interest rates heading higher on real growth or higher inflation expectations? Risk markets would respond very differently depending on the reason.