US yields step into a correction within downtrend [Video]

In our analysis from a week back, we presented a bearish outlook for US yields, specifically focusing on the bearish impulsive price action down from 4.8%, which could keep the US dollar in a downtrend. 

What we’ve seen so far is a strong rebound from 3.8%, as shown on the updated 4-hour chart. This rebound suggests that yields are stepping into a correction, which could unfold as an A-B-C structure. So, it looks like we could see a bit more upside in the near term before US yields turn back to the downside. At the same time, this could mean the US dollar may find some support soon or remain in consolidation a bit longer.

US10Y 4H Chart

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on April 07 2025:

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.