From another thread I posted to... just spreading the word to those interested. http://scriabinop23.blogspot.com/2008/01/s-relative-value-to-10-year-note.html Followed up by 90 day T-Bills vs Fed Funds #s: http://scriabinop23.blogspot.com/2008/01/t-bill-versus-fed-funds.html You can see how they somewhat correlate, as well.