3 December, 2008 by admin
Not Since 1958, S&P Yield Higher Than 10-year T-note’s
Mark Hulbert has an interesting article in MarketWatch which notes that for the first time since 1958 the yield on the Standard & Poor’s 500 index (SPX) has risen above the interest rate on the CBOE 10-Year Treasury Yield Index (TNX). As of Tuesday’s close, the S&P’s dividend yield was 3.3%, while the 10-year T-Note was yielding 2.7% — a spread of 0.6 percentage points in favor of stocks.