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home / news releases / OPER - Watch The Small Consolidation On The U.S. 10Y Yield


OPER - Watch The Small Consolidation On The U.S. 10Y Yield

As global uncertainty accelerates around the world, constantly lowering growth expectations, global yields have been plunging since the end of last year with the 10Y US down from 3.2% in early November to 1.6% on Friday. We saw that global sentiment has been significantly deteriorating with the global manufacturing PMI index plunging below the 50-line threshold that separates growth from contraction. Figure 1 (left frame) shows that the global PMI has been strongly co-moving with the 10Y yield in the past cycle. We also saw that global defensive stocks have outperformed cyclicals in the past

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Stock Information

Company Name: ETF Series Solutions ClearShares Ultra-Short Maturity
Stock Symbol: OPER
Market: NYSE

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