Charts of the Week
Economists Are STILL Bearish on Yields
January 17, 2020
Economists have been expecting higher yields for at least a couple decades.
Economists have been expecting higher yields for at least a couple decades.
A correction back to the 200-day moving average requires a 10%+ correction. From a technical standpoint such a move would keep the bull market intact, but it could provide plenty of theatrics in an election year.
The Sherman Ratio shows investors are receiving very little yield for the risk they are taking.
A growing portion of personal expenditures is on services rather than goods.
Which components of CPI have increased the most over the past decade?
A look at foreign net sales and purchases of U.S. Treasuries, agencies, corporates and equities through November
Select charts from our recent posts
A look at spot and inflation-adjusted gold prices since 1901
Japan remains the largest foreign holder of Treasury securities for the sixth month running, but the Fed owns more than China and Japan combined.
Today's topics include money market funds helped liquidity at year-end, to QE or not to QE, Chinese GDP growth hits 6.1%, the return of the 20-year bond, the new method of trade negotiations, declining birth rates, Google/Alphabet joins the $1 trillion club, quant performance and round two for Judy Shelton's nomination.
High yield bonds have begun to trade like an index as electronic and ETF trading become more prominent in the credit world. This is concerning as the high yield market is too idiosyncratic for this to be the case long-term.