The bloom certainly seems to be off the Treasury Bond rose as of late.
During the all-too-brief drop in equity prices, bonds and gold were the two safe havens. Both of these have been punched in the face badly in recent days, and while the bullish breakouts are absolutely intact for both, bonds definitely could ease back plenty more before causing any kind of failed bullish breakout.
With bonds on the descent, rates are naturally rising concurrently and, thus, financials (like XLF and KBE) are showing strength on the day.
