Investment insights from Capital Group
Investors have largely priced out recession scenarios
As at 30 June 2023. 2s-10s spread reflects difference between 10-year and 2-year US Treasury yields. High yield is the Bloomberg US Corporate High Yield Index. Shaded regions represent Q223. Source: Bloomberg
US economy has shown resiliency, but global picture mixed
As at 30 June 2023. Citi Economic Surprise Index tracks economic data relative to consensus forecasts of economists. Above 0 indicates data better than forecasts while below 0 is worse. Source: Refinitiv Datastream
Credit tightening evident in supply and demand metrics
As at 30 June 2023. Sources: Senior Loan Officer Opinion Survey on Bank Lending Practices. Board of Governors of the Federal Reserve System.
US inflation has continued to moderate
Inflation data as at 31 May 2023. Shelter includes rent and owner ’s equivalent rent. SAAR is the seasonally adjusted annual rate. Source: US Bureau of Labor Statistics
U.S. Equities
Market Volatility
European Equity
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Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.
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