Neck and Neck, from Rocky Humbert
I just noticed that the S&P dividend yield is now virtually identical to the 10-year treasury yield.
Photo finish?
Charles Pennington writes:
Mr. Rollert was pointing out to me that the yield on German 2-year bonds is now 0.09%, about equal to that of Japan's and lower than the incredibly low US 2-years at 0.29%. That kind of sneaked up on me. That German 2-year yield fell through last summer/fall when the crisis was in full gear, but even in October it had only gotten down to ~0.5%. Now with stocks up massively, it's fallen to 0.09%.