The Treasuries 10y Yield chart on a month time scale provides a clear view of the 10Y Treasury Yield trendline, drifting above the Kijun line, that could become a support area from where the 10Y Yield could drift a lot higher. The sensible Yield area has been the 1.5%<1.6% range, the pattern that can be observed should be an Inverse Head&Shoulder, the RSI oscillator also signal a consistent double bottom, cup&handle upside pattern, that MACD has the short term average line crossing above the period line signal uptrend, however below the histogram, that potentially could bring forward a consistent uptrend move in the 10Y Treasury yield.
With the 10Y Treasury Yield starting to tick higher, the Yield trendline should drift higher to test the IKH Senkou A/B nuage, where the 10Y Yield could be in 2.0%2.15% range, once and if, the Inverse Head&Shoulder pattern materialises a more substantive move higher in rates could eventually break above the IKH Senkou A/B nuage to test the downtrend channel with a 2.55% 10Y Yield, with further upside to 3.15% Yield on a 10Y Treasury.

The 10Y Treasuries could signal a wider move higher in the Sovereign debt Yield curve, across Sovereign Debt markets

Inflation Expectations in the United States increased to 3.20% in March from 3.09% in February of 2021.

5-Year, 5-Year Forward Inflation Expectation Rate latest observation 2.26%
