U.S. 30 - Year Yield/Rates (TYX) could rise to 8% in 2025. TYX completed an Elliott five - wave Impulse pattern from March 2020 to October 2023. Subsequently there was a clear Elliott wave Single Zigzag into the September 2024 bottom.
TYX could be in the early phase of Primary wave [3], if so it could reach 8% in 2025.
Weekly RSI is in the neutral zone at only 58.19%. Price could rise significantly before reaching the overbought zone at 70.00%.
Price has again pushed above Ichimoku cloud resistance. A decisive move above this zone implies a multi month rally.