From Citi’s Robert Buckland:
We put Figure 2 on the front of a global strategy report back in February. It shows that global equities yield more than US treasuries, a rare event over the past 40 years. This is easily our most-requested chart of 2012, so we’ve put it on the front page again.
But, lest you think this is some kind of unsustainable freak divergence.
Buckland adds this chart from Japan.