Seems its heading for the upper trend-line as I suggested a few weeks back:
DOLLAR:Still tracking a narrow target range for the dollar:
BONDS:30 Year yield still has not confirmed the low end of the yield curve. I am betting it doesn't confirm. I may be wrong but its still my hunch. Notice anything about yields? Bonds are already reaching an extreme and P has barely begun! My prediction for when "all-the-the-same" market selling will kick in (bonds, commodities and stocks selling off) is in Minor 3 of (1) of  and particularly during (3) of . We are still in (1) of  and bonds are being piled in to. If bonds and stocks sell together in later phases of Primary  down, the dollar should be the winner. But for now, its not the case. This was sort of expected at how the start of P would behave.
After all, Bonds are a Ponzi scheme in my opinion. I have tried to stop using that word Ponzi lately as it is overused but it certainly is accurate in my opinion for bonds. You have Primary dealers flipping to each other in a game of hot potato with the FED having an expanded balance sheet bloated with them. There is simply an abundance of paper. The bond market gets it wrong is what I rather would say. A debt crisis and people are buying debt? Doesn't make sense to me. And sooner, rather than later, the market will agree.
In my estimation, gold, the dollar, and bonds, are heading toward long term extremes such as how stocks seemed to have done so first. For instance, Gold and the Dollar may reach extremes together and Bonds may hit their extreme at the bottom of Minor 1 of (1). These are best guesses based on long-term sentiment and wave patterns and keeping in line with Prechter's theory of "all-the-same" market.
On Minor 3 of (1) down is when the dollar should finally be a winner. Bonds and stocks should sell at key spots of panic together. Again Minor 3 of (1) of P down would be one likely such area.
The primary count is Minute [v] of Minor 1 of Intermediate (1) of Primary  wave down.
Wave fives should be less intense than wave threes. On both charts below you can see the market internals were less so far then wave [iii]. That fits the wave [v] profile.