The 10-year yield has printed a failed H&S pattern. So it is worth looking at it from a technical perspective.
Geometry: The H&S target at 1.380 was not reached, instead the yield climbed back above the neckline (blue dashed line). This is a small but important detail. A failed H&S pattern is often a strong continuation pattern.
Fractals: The area marked in red shows the same scenario: A failed H&S with a large move up after consolidation below the neckline. Small patterns give us a hint about large patterns, because they reveal the personality of that instrument.
Elliott: We are able to count a wave iv (in green) which is part of a larger wave (iii) in blue. This wave, in turn, may be part of a larger wave 1 or leading diagonal.
How I trade it: Support on top of 1.500 would indicate that yields are ready to move higher. The pitchfork median can act as local resistance.