Some weekly consolidation; Possible yields haven't topped yet. These inflection points lead to weekly and monthly trend changes which I will be looking for a potential spike as momentum shifts back down and rates test the keltner channel mid or upper line. There is also a possibility that rates breakout of the resistance (trend change) of this bullish leg from 2020. The Red line on the keltner channel oscillator at the bottom.
I expect more black swan events to occur as chaos ramps up in the next year.
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Yields are breaking upward at an inflection point ahead of the FOMC
This could run up to 6% if we break upward.
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Looks like biden will get his wish and jpow has granted them a dovish christmas.
On the daily this could consolidate and head lower, and then we'll see what happens next.