How are you trading this triangle?

It is obviously winding up for a bigger move.
The dollar seems to be strengthening but it's hard to trust.
SA covid numbers are improving despite opening up.
GDP contracted but not as much as anticipated: -2.0 vs -3.4.

What do the high yield bonds look like and what am I missing?
What needs to happen to return to a "normalcy" around 12-15, is that possible or are investors permanently spooked?