In recent months, we have witnessed a breakdown in the correlation between the dollar and US yields. The Dollar Index and the 10-year Treasury yield moved almost in lockstep from October to February: yields rising, stronger dollar. A classic pattern.
But in March, something changed. Yields kept climbing — sharply — while the dollar went the other way, falling below the 104 mark.
Why did this happen? And what does this divergence between bonds and currency really tell us?
In the new video, I explain it clearly and directly, using charts and concrete references. But this isn’t just about technicals: the breakdown in correlation may reveal much more about trust, global perception, and systemic risk.
🔗 Watch the full video here:
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See you in the next video!
David
I am a macroeconomic and financial analyst with over 30 years’ experience, including two years as a fund manager. I specialise in currencies and commodities, and I am the author of several successful books on trading, macroeconomics, and financial markets.