Which indicator measures the slope of the Dow Jones 20 Bond Index over the short-term?

The Zweig Bond Model is designed specifically to assess the slope of bond indices, such as the Dow Jones 20 Bond Index, over short-term periods. It does this by analyzing the relationship between bond prices and interest rates, allowing traders to gauge the overall market sentiment and potential future movements. The model incorporates various factors, including the current yield on bonds, to help investors predict short-term trends, making it a valuable tool for monitoring the bond market.

In this context, while the yield curve reflects the relationship between interest rates and maturities of different bonds, it does not specifically measure the slope of a particular bond index over the short-term. The Fed Funds Rate changes can influence the bond market, but they do not directly measure the slope of the Dow Jones 20 Bond Index. Similarly, Monetary Availability indicates the overall liquidity in the economy and its potential effect on the bond market but is not focused on the short-term slope measurement of a specific index. Hence, the Zweig Bond Model is the most relevant choice for this question.