11.   A stronger yen makes yen-bonds more attractive relative to securities denominated in falling currencies.

12.   A steeper curve also makes rates on adjustable-rate mortgages more attractive relative to fixed-rate loans.

13.   But stocks are also benefiting from declining yields in the bond market, which make stocks more attractive relative to bonds.

14.   Declining interest rates generally make stocks more attractive relative to bonds.

15.   Declining interest rates in Europe have made potential returns on stocks attractive relative to the lower returns on bonds.

16.   Disappointment on the tax overshadowed hopes among some investors that interest rates will fall, making stocks more attractive relative to bonds.

17.   Higher interest rates can make fixed-income investments more attractive relative to stocks.

18.   Higher interest rates hurt stocks by increasing the cost of borrowing for companies and making bonds more attractive relative to stocks.

19.   Higher U.S. interest rates could make the already battered peso even less attractive relative to the dollar.

20.   Higher interest make debt securities more attractive relative to shares.