In the long-term, US Government Bonds 10Y could start another bullish rally. Looking at the Fibonacci, we have recovered to the 23.6% and managed to move above. A possible pullback could bring us back up to 3.00%, and after that, we could start with a new bullish impulse toward the 38.2% level (6,25%). The target before that level is the 5.00% level. This scenario could positively impact the dollar index in the coming period.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.