Are Yields Ready To Move Higher?

Looking at the above chart of the 10 year treasury note yield, it appears to me that we may have seen a short term bottom.

The 10 year yield had a nice advance from December to January and has now retraced 50% of that move. Yields showed some strength today bouncing off the 50% level.

If you look at the seasonal for Bonds, you can see that bonds tend to sell off this time of year establishing a low in April or May. Since yields move inversely to bonds, that means seasonally yields could move higher over the next month or so.