Yields on 10-year Treasuries are now almost equal to the trailing 12-month earnings yield on the S&P 500 index. This is the first time that's the case going back to 2002.

 

Yields on 10-year Treasuries are now almost equal to the trailing 12-month earnings yield on the S&P 500 index. This is the first time that's the case going back to 2002. pic.twitter.com/uXYZIaFNxK

— Lisa Abramowicz (@lisaabramowicz1) October 4, 2023