Investors in bonds, focusing not on credit quality, but on duration, may be useful this schedule. It shows how the absolute dynamics of the US dollar index against the basket of world currencies (above) and the relative dynamics of long US government bonds and the rest of the world (in the middle) interact. It can be seen with the naked eye that in the long-term period (and this is the weekly schedule for 10 years), the directions of these series coincide. The 13-week (this is 1 quarter) correlation between them is shown below. Despite the infrequent short-term periods of divergence, most of the time the correlation is in the range of 0.25 to 1, confirming a high level of interconnection. This means that while the dollar is growing, it is better to keep the risk of duration through long US Treasuries (for example, TLT). Given that the dollar index now draws a breakdown of consolidation at 97.5, there is reason to assume that the TLT tactically returns attractiveness.