Treasuries Near Interest Rate Breakout

This chart shows a strong drop in prices today, with a commensurate rise in interest rates. There appears to be fairly firm support at a rate just below 4% for the 10-year treasuries. If prices break downward through this interest rate barrier, we may see a bear market in treasuries. I will be watching this development very carefully. Trends in treasuries and interest rates tend to be some of the longest-lasting ones.