US30Y: Rising Yield as the expectation of Rising Interest Rate?

U.S. Inflation has surged significantly to 8.5% in March 2022, It hits a new forty-year high. As the Inflation keeps increasing month over month, The Federal Reserve is committed to tackling inflation by Rising Interest Rate, potentially 0.50% in May 2022. The rising interest rate will cause bond prices to fall. Consequently, The Bond yield will be increased.

Chart Perspective:
US 30 Years Government Bond Yield (US30Y) has broken out of the falling wedge pattern. US30Y is also accompanied by a golden cross on the MACD indicator.

We conclude from the macro and chart perspective, That is a potential bullish outlook for US 30 Years Treasury Yield.

The roadmap will be invalid after reaching the support/target area.

*Disclaimer: The outlook is only used for Educational Purposes, The Creator doesn't responsible for any of your trade position or other financial decisions*

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Target 2 DONE, have a nice weekdays everyone!