Equities, and expected rate volatility, bounce together
Expected equity volatility quickly settled though it continued to climb in the rates market. Our chart revisits the divergence.
![](https://fsinvestments.com/wp-content/uploads/2021/12/COTW_2021-10-29_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
As short-term rates spike, long-term rates fall further
Benchmark rates have fallen as inflation jumps, highlighting an unexpected relationship. Our chart looks at the changing yield curve this year.
![](https://fsinvestments.com/wp-content/uploads/2021/12/COTW_2021-12-03_v3_thumbnail-247px.jpg?w=250&h=150&crop=1)
As inflation rises, real yields fall further
October’s inflation report continues to rattle markets, as real rates have plummeted. Our chart looks at the wide gap between nominal and real rates.
![](https://fsinvestments.com/wp-content/uploads/2021/11/COTW_2021-11-19_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Amid rising inflation, a fixed income gap grows
As U.S. inflation spikes and rates rise, fixed income returns have diverged. Our chart looks at the gap between core fixed income and credit.
![](https://fsinvestments.com/wp-content/uploads/2021/11/COTW_2021-11-12_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Inflation: Not just a U.S. problem
Inflation has spiked in not only the U.S, but around the world. Our chart looks at rising CPI readings across developed countries.
![](https://fsinvestments.com/wp-content/uploads/2021/11/COTW_2021-11-05_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Equity market projects calm. Rates don’t. Which is right?
Rates and equity markets project two very different outlooks. Our chart looks at the expectations gap.
![](https://fsinvestments.com/wp-content/uploads/2021/10/COTW_2021-10-29_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)