The bond market is on the verge of doing something that hasn't happened since its bull market began in 1981

Jon Krinsky, MKM Partners ace technician, had a great chart and observation out this weekend. If youre looking to say that 2016 was the end of the secular bull market for bonds (and the secular bear market for yields), youve got a pretty compelling piece of information on your side now (emphasis mine):Earlier this year, 10 year yields traded below the low of last year (1.64%), and are currently above last years high (2.50%). Should they close above 2.50%, it would represent a bullish outside year for yields. Since yields peaked in 1981, that has never happened. That would add to the thesis that we have seen an end to the secular bull market in bonds.SEE ALSO:The Fed should've done this years agoJoin the conversation about this storyNOW WATCH: In the 1970s the CIA created a spy drone the size of a dragonfly
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