In 2018 the bond turned upward once it went about 5 points out of its 28 year downtrend. Once again in 2022, it went about 5 points out of the channel and COULD be forming an early head and shoulders POSSIBLE reversal pattern. I suspect a lot of macro is coming together to bring a turnaround in bond prices. Raul Paul of Real Vision made this call in 2018 which was an amazing "pound the table" call when a double bottom presented the place of a the bound rebound. Not sure this is quite that yet, but it has potential.