U.S. and European Equities – % of Corporates Whose Dividend Yield is Above the Corporate Bond Yield U.S. and European equities look cheap relative to corporate debt. Image: Goldman Sachs Global Investment Research
Number of S&P Non-Financial Credit Ratings Global creditworthiness fades as companies embrace debt. Triple-A ratings are a thing of the past. Image: Financial Times
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
Total Negative Yielding Bonds Outstanding Global negative-yielding debt has now fallen below the 2016 peak. Image: Bianco Research
U.S. Corporate Leverage U.S. corporate leverage is high and close to its previous peak on a net debt to EBITDA. Image: Goldman Sachs Global Investment Research
Who Owns Different Countries’ Government Bonds? About 70% of the U.S. national debt is owned by domestic government, institutions investors and the Federal Reserve. Image: Deutsche Bank Global Research