The findings: Traditional defensive sectors such as utilities, telecommunications, real estate and consumer staples provided minimal protection when
nominal yields moved higher.
Not exact matches
In bonds, Friday's tepid unemployment report was accompanied by a substantial decline in both real and
nominal yields - enough to
move the Market Climate in bonds to a condition of both unfavorable valuations and unfavorable market action.
For roughly three decades, U.S. non-financial corporate debt as a percentage of U.S.
nominal GDP and the high
yield default rate
moved in tandem.
Yields on inflation - indexed bonds have moved in a similar way to nominal yields since the last Stat
Yields on inflation - indexed bonds have
moved in a similar way to
nominal yields since the last Stat
yields since the last Statement.
Real
yields have
moved similarly to
nominal yields over the same period, with
yields on 10 - year inflation - linked bonds currently around 3.5 per cent (Graph 52).
This is compared to
yields on MBonos (
nominal bonds), as measured by the S&P / Valmer Mexico Sovereign Bond Index, which
moved up only 32 bps, with the index returning 4.3 %, buoyed by its coupon carry.
As Jim Bianco has done, we can compare the year - over-year change in
nominal GDP with the 5 - year Treasury
yield, which have historically tended to
move together over time.
For roughly three decades, U.S. non-financial corporate debt as a percentage of U.S.
nominal GDP and the high
yield default rate
moved in tandem.