In our last report (26-Jan-24, US10Yr @ 4.14%), we had suggested that the rise in Yields since 2020 could be like the one seen in 1967-1972, with more upside possible in the long term going into 2025. Within that we also said that the fall in US10Yr since 5.01% (Oct-23)could be an A-B-C correction. Within that, again, the immediate ongoing rally from 3.82% (28-Dec) could be the B-leg which might extend up to 4.5% and thereafter the C-leg (yet to commence) can target 3.5%. The relation between CPI and WTI Y/Y% was highlighted. The Crude outlook for the next 12 months was shared. Since then, Yields have actually moved up further in line with the near term expectations. The FOMC kept rates unchanged on 31-Jan. Economic data has been mixed.
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WHAT'S NEW?
Nov '24 Monthly Forecast
Our November '24 Dollar Rupee Monthly Forecast is now available. To order a PAID copy, please click here and take a trial of our service.
WHAT'S NEW?
November '24 EURUSD Report
After Donald Trump’s victory in the US elections, will the Dollar Index fall in the coming months aiding Euro strength? Or will aggressive rate cuts by the ECB and political uncertainity in Germany and France continue to put downside pressure on the Euro? ...Read More
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Nov'24 Crude Oil Report
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Nov '24 US Treasury Report
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