Treasuries Hit Bottom the Last Time They Were This Cheap: Chart

(Bloomberg) -- Treasuries are becoming relatively attractive compared with stocks. U.S. 10-year notes yield about 60 basis points more than the S&P 500 dividend yield after this week’s bond sell-off. The last time the premium was so large was September 2014, just before Treasuries went on to close the year with a fourth-quarter rally.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net.

To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Garfield Clinton Reynolds, Jake Ulick