It is two decades since the Fed compared the yields of US government bonds and equities in its semiannual report to Congress, the next instalment of which Janet Yellen will deliver tomorrow. A comparison of the two assets suggests that equities are undervalued now, contrary to the views of many.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services