Treasury bonds, represented by the iShares 20+ Year Treasury Bond ETF (TLT), have experienced a significant decline, marking seven consecutive days of losses as of September 25, 2024. This decline is notable as it mirrors similar past patterns where a 7+ day losing streak led to a 3%-4% near-term bounce. The current situation has raised questions about whether a similar bounce will occur. The bond market's performance is also being closely watched in relation to the inverted yield curve between Chinese government bonds and US Treasuries, which is at its most inverted since 2006-07, suggesting potential headwinds for commodities and equities. Additionally, bonds are losing their monthly VPOC, and a big ITM call seller has emerged today.