Stocks against bonds and cash today
What stocks earn and pay for their price, against bonds and against the cash that waits.
Close of Friday 6 November 2026 · updated every trading dayWe compare each figure with every month since 2006. The usual range holds the middle 40% of those months. The marks show the value 1 month, 1 year and 5 years ago.
Earnings yieldWhat this measures: the yearly profit of the 500 largest US companies divided by their market value, in percent.
How much do the companies earn for their price?
Less than usual
Low · lower than in 7 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Dividend yieldWhat this measures: the yearly dividends of the 500 largest US companies divided by their market value, in percent.
How much do the companies pay in dividends for their price?
Far less than usual
Low · the lowest since 2006
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Last 10 yearsEach point is one month. The dot is today.
10-year Treasury yieldWhat this measures: the yearly interest on a 10-year US government bond, in percent. This figure has no hot or cold end. Grey shows only where it stands against its own history.
How high is the 10-year US government bond yield?
Far higher than usual
High · higher than in 9 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Stocks against bondsWhat this measures: the earnings yield of the 500 largest US companies minus the 10-year US government bond yield, in points.
How much more do stocks earn than bonds pay?
Far less than usual
Low · lower than in 9 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Cash on the sidelinesWhat this measures: the money in money-market funds divided by the value of all US company shares, in percent.
How much cash is waiting on the sidelines?
Less than usual
Low · lower than in 8 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.