Skip to content

Stock/Bond Relationship

Aug 06 2021

Smarter Than The Bond Market?

  • Aug 6, 2021

The half-percentage-point drop in the 10-year Treasury yield, since mid-March, has investors worried about “what the bond market might know” that the stock market doesn’t. Maybe it’s time to stop lionizing the bond market’s prescience and give the stock market its due.

Jun 05 2020

The State Of The Stock/Bond Relationship

  • Jun 5, 2020

The latest action in rates is not what would be expected during a strong stock-market rally off a bear market low, but the constantly changing nature of the stock/bond relationship should not come as a big surprise. We propose a more refined four-state definition of the stock/bond relationship.

Oct 07 2016

A Stock/Bond Relationship Revisited

  • Oct 7, 2016

Herein we further explore this month’s theme of “point-in-time relationships” and subsequent market returns. We review and update a study we initially conducted and published in June 2009.

Jul 09 2013

Bonds & Cyclical Stocks “Decoupling”?

  • Jul 9, 2013

The relationship between U.S. Treasury bond yields and the relative performance of cyclical stocks versus their defensive consumer counterparts appears to be changing.

May 01 2013

A Monetary Indicator That Still Works

  • May 1, 2013

The Dow Jones Corporate Bond Index has worked in eight of the last nine decades. The credit information in corporate bond prices provides valuable input for investors.

Nov 04 1986

Client Questions

  • Nov 4, 1986

Here again are some of the client queries we have had over the last month or so.