"You may have noticed, these 200 day moving averages on the front US Treasury Note contracts (2s, 5s, 10s and 30s) are starting to turn down. The shorter term MAs are also below. Any thoughts?"

David Fuller's view Yes, and although these patterns are mostly ranging in top formation development, the weakening trends are consistent with my long-term view. As an aside, you are probably aware that the long-term charts of Treasury futures do not tell the full story because of coupon changes. For a more accurate picture we should look at yields.