Courtesy of Mish.
In an email note today economist Steen Jakobsen notes the “S&P Dividend Yield is Below the 10-Yr Treasury Yield (1.93% vs. 2.19%)”
S&P Dividend Yield
click on chart for sharper image
Steen asks “Why own stocks at lofty PE of 18 when you can get better yield and a free put option via fixed income’?“
Curve Watchers Anonymous notes this chart of US treasury yields.
US Treasury Yields Over Time
click on chart for sharper image
$TYX – 30 Year Rate
$TNX – 10 Year Rate
$FVX – 05 Year Rate
$IRX – 03 Month Rate…
