Treasury yields have risen this week. The dollar (DX/Y) has moved to a negative overall trend.

• Fixed Income moved ahead of cash to take the number one spot in the DALI asset class rankings. 
• The US Treasury 10-year Yield Index TNX moved to a buy signal for the first time since April when it broke a spread triple top at 0.75% in Wednesday's trading. The index now faces overhead resistance at 0.775% with further resistance at 0.875%.
• Further out on the yield curve, the US Treasury 30-year yield index gave second consecutive buy signal in last weeks trading when it broke a spread triple top at 1.475%. In Wednesday's trading, the index printed three additional Xs on its default chart reaching 1.55%.
• The iShares Barclays 20+ Year Treasury Bond ETF TLT returned to a sell signal when it broke a double bottom at $162 in last Thursday's trading. The fund had previously given two consecutive buy signals.
• Also in last week's trading, the NYCE U.S. Dollar Index DX/Y broke a triple bottom at $98.50. The index then continued to lower to $97.50, violating its bullish support and returning to a negative overall trend in the process. If the dollar continues its decline it would be a major tailwind for holders of foreign currency-denominated bonds as a falling dollar increases the value of foreign assets. In the case of fixed income, the volatility of currency returns generally tends to be greater than that of straight fixed income returns, so currency movements often make up the largest portion of foreign bond returns.
• In Tuesday's (6/2) trading, the WisdomTree Emerging Market Local Debt ETF ELD returned to a positive trend for the first time since 2013. Despite the positive trend change, ELD has unfavorable 1.17 fund score and a -1.93 fund score direction. The fund currently yields 1.93%.