Add the SP500 ttm Earnings Yield Spreads vs the 3 Month and 10 Year Treasury Rates.
Short Spread = SP500 E/P ttm - 3 Month Treasury Rate
Long Spread = SP500 E/P ttm - 10 Year Treasury Rate
Symbol "SP500_EARNINGS_YIELD_MONTH" as the SP500 Earnings Yield
Symbol "US03MY" as the 3 Month Treasury Rate
Symbol "US10Y" as the 10 Year Treasury Rate
Based on research...
Yield Spread
The green line shows the difference between the 10-Year and 2-Year yields.
Positive Spread: When the green line is above zero, the 10-Year yield is higher than the 2-Year yield. This is normal and indicates an upward-sloping (normal) yield curve, which typically suggests a healthy economy with expectations of future growth.
Flattening Curve: If the...
The Bond Yield Spread Script is developed for forex traders, offering an automated tool to calculate the bond yield spread between two countries associated with the forex pair displayed on the chart.
Functionality:
The script starts by identifying the base and quote currencies of the current forex pair and aligns them with their corresponding national bond...
The Global Yield Spread is a simple indicator that can help to identify economic wellbeing and thus allows traders and investors alike to derive a rough estimation onto where the market is likely to go.
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Please note that things like Yield Spread generally influence the market only over longer time horizons of a couple weeks to many months.
Also be aware...
Long-term bond yield reflects inflation. Short-term bond yields are tools used to predict Fed's interest rate policy. Spread between the two represents four cycles of an economy.
1. Growth
Short-term yield rises as interest rates rise. Spread narrows.
2. Slow growth
Central bank raises interest rates faster and short-term yield exceeds long-term yield. Spread...
This indicator shows Government bonds yield spread which is the difference between two government bonds yield.
Country codes and terms(year) are parameterized as listed below so you can combine & compare multiple government bonds as per your needs.
Country:
U.S.
Japan
Australia
New Zealand
U.K.
Germany
Canada
Switzerland
Terms:
2 year
5 year
10 year
20...
