According to recent data from global index provider FTSE Russell, US Treasuries have become expensive compared to other major sovereign bond markets over the last four years, as measured by US yield spreads versus the FTSE World Government Bond Index excluding the US (WGBI ex. US).
MoreThe Value factor has underperformed globally for the past 14 years, prompting some even to wonder if Value is ‘dead’. But, as our research shows, the factor’s behavior has varied starkly across equity markets and time.
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