US Yields have topped back in October 2023 with sharp leg down, which is from Elliott wave perspective first leg A of a deeper A-B-C decline that can send the price back to the former wave 4 area to 3.25% – 2.5%.
At the same time, we can see US dollar Index – DXY also turning down due to a positive correlation with Yields, we just saw some divergence in 2023.
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