Archived IMT (2009.12.24)

As the US YIELD CURVE STEEPENS to a new record high (as measured by the 10-2 yield spread), market participants ask about the impact on equities and FX. Section 13 of the Forex & Intermarket Dynamics Workbook http://bit.ly/4pJ41d dissects the 20-year relationship involving the yield curve, the fed funds rate and the price of metals, focusing on the leaders and laggards in this relationship. Chapters 6 and 9 of Currency Trading & Intermarket Analysis also focus on the FX implications of a inverted yield curve (Ch 6) and of a steepening yield curve (Ch 9)