Watch Treasury bond yields as 30-year breaks out

US 30-year bonds may be breaking out

Here’s a picture that pains a thousand words and they all say the same thing: Bond bear market.

If I scrolled out much further, it would also show a major downtrend from the 1980s that also comes in around 3.25%. 

Bill Gross has tweeted that his 3.23% line in the sand is broken on an intraday basis. For me, I want to see 3.25% broken for a few days — maybe a weekly close.

If that happens, it’s a major technical break for all markets.

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