# Bonds Markets Surge to 2007 Levels...
**Date:** 2026-08-03  
**Source:** [YouTube](https://www.youtube.com/watch?v=DjXBj-fD71o)

## Main Thesis
The bond market is showing signs of stress and is 'calling the bluff' of the Fed, with rising yields sending treasuries to 2004 levels and 30-year mortgage rates to 6.66%.

## Charts & Technical Analysis

### 1. 30-Year Yields (None)

**Bias:** BULLISH

Atkinson notes that the bond market is dictating yields and 'calling the bluff' of the Fed. As a result, 30-year yields are pushing up.

### 2. US Treasuries (None)

**Bias:** BEARISH
**Historical Comparison:** sending treasuries to 2004 levels

The rise in yields is sending US Treasuries to levels not seen since 2004.

### 3. 30-Year Fixed Mortgages (US) (None)

**Bias:** BULLISH
**Key Levels:** 6.66%

Atkinson highlights that 30-year fixed mortgages in the US have risen to 6.66%, calling it 'the devil' and 'not a good sign'.

## Regime / Cycle Analysis
The primary theme is the bond market's relationship with the Federal Reserve. Atkinson states the bond market 'doesn't seem to really like what Fed Wash is saying' and is 'calling the bluff', indicating a regime where the market is dictating yields in defiance of the central bank's perceived stance.

## Key Calls & Predictions
- The bond market is showing signs of stress ('freaked out').
- The rise in 30-year fixed mortgages to 6.66% is 'not a good sign'.

## All Instruments Mentioned
Bonds Market, Stocks, Commodities, Cryptos, 30-Year Yields, US Treasuries, 30-Year Fixed Mortgages (US)

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*Generated by FX Evolution Monitor on 2026-08-07 23:04:53*