Asset Class Yield Historical Comparisons 1/94-8/06
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T-bill yields have risen from the excessively low levels seen over the past three years, but yields from other income-oriented asset classes (including REITs) have remained near the low end of their ranges since 1/94.
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In contrast, earnings yields from the equity asset classes are in the upper end of their ranges. With stocks: (SPY), (EEM), (EFA), (EFG), (EFV).
J.D. Steinhilber
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