Might also be the start of yet another decline in long term rates. We are getting close to another yield curve inversion, every time that happens long rates fall. In any event the bull market in bonds is not yet over, contrary to what a lot of short term bond gurus are saying.

Alternate chart:

Ten year rate:

We may touch the declining trendline before this is all over, but both charts appear to indicate the bond bull may not yet be over.