US Government Bonds 10Y long-term view

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.