|10 Yr Treasury (ZN)|
|30 Yr Treasury (ZB)|
Following suit to the weakness in ZF, ZN and ZB, TLT is also breaking support. At the same time, yield chasers in the utility space are selling XLU hard, pushing it officially into bear market territory with a correction, peak-to-trough in excess of 20% as of Friday.
|TLT (Treasury ETF)|
|XLU (Utilities ETF)|
Whether the "Great Rotation" into equities has begun I'll leave to the pundits and prognosticators, but rates look poised for a meaningful uptick.