30yr bond breaking lower out of triangle.

Technically, this is a big breakdown. But what has surprised me the most is how “dismissive” most people have been of this move today. If you look across the curve, real yields, 10yr, etc are on the rise. At this time I am unsure why this move is happening now, but it is and we must keep an eye on it. The 30yr looks like we will continue to push lower towards the 167 March lows and previous 2019 highs with today’s close below the 200dma.