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Tóm tắt:
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1/PE vs. 10-Year Treasury Yield Index is the metric of bond investor confi-dence. comparing return on two common investment channels. stock and bond. If the return on stock or 1/PE increases (with EPS constant in one quar-ter). showing that stock price or stock demand decreases and therefore. we can interpret that cash is flowing into bond market. and vice verse. The rise of the index implies that bond investors are more confident.
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