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The pair argues for weakening yields and a weak market. The market and yields will fall in tandem for a day or two. 
 
At that time things will change dramatically.  
 
 
 
 
 
 
Note: it is always fun to repost so take note of this one. 7/2/17

By the way, slim argues the exact opposite (strong Euro, weak bonds, higher yields) so be careful. 
 
Still that horizontal channel was unexpected and you have pental bottom and penta top. So something bigger is about to happen. A longer term straddle isnt unreasonable if youre unsure of direction (hedged with a strangle to reduce basis) 7/3/17