If stocks and crude oil continue to trade higher, Treasury yields may give way to some rotation. But so far, bond buyers are not budging, with the 30-year Treasury Bond currently paying out 2.65. The rally has been dominated by cycle sectors, which makes the resilience in the bond market that much more impressive, as yields typically rise when money is flowing into economically sensitive stocks. The 30-year yield has moved up to its long-term downtrend line that has defined the broad macro deflationary landscape. The situation only will change if the 30-year yield breaks above 3.2