The longer end of the curve has been rallying for about a month. However, prices are just now starting to cross the upward sloping trend line. Also note that prices ran into upside resistance at the 50 day EMA. Also note the declining volume as the rally progressed -- which is not a good sign. However, the 10 and 20 day EMA are still rising and prices are still above the shorter EMAs.
The shorter end of the curve is (so far) consolidating gains below the the 50 day EMA. But like the TLTs, prices are getting squeezed between the shorter and longer EMAs, indicating something will have to give soon.
