Divergence in COT data sends mixed reactions to the DXY Price

The total Non-Commercial net positions have been rising since US bond yields had a major u-turn.
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However, there is divergence showing up among Non-Commercial Traders with leveraged traders continuing to add more short positions.
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Why is price going higher?
Simply, price action has been converging with trading action of asset managers.
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My best guess, pension funds are rebalancing their portfolios in anticipation of rising interest rates and FED expectations to buy long-term dated treasuries to flatten the yield curve.

Of interest, is the US 10 year yield. If it keeps rising, the US Dollar will rise too.
Beyond Technical AnalysisChart PatternsfedTrend Analysisyieldcurve

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