Remarkable Convergence of Yields in Markets
7 days ago
- #equity markets
- #interest rates
- #fixed income
- Fed raising interest rates aims to reduce investor risk-taking and shift money to safer fixed income.
- Yield levels in fixed income are higher than in many years, while equity yields (e.g., S&P 500) are declining.
- Fixed income currently offers more attractive yields compared to public equity markets.
- Risk appears mispriced, with S&P 500 investors not adequately compensated for the risks they take.
- Apollo Global Management disclaims responsibility for the accuracy, updates, or advice derived from the presentation.
- The presentation is not an offer to sell securities and includes forward-looking statements with inherent uncertainties.