Seasoned investors: The resistance of the bond market against the Washington government is far from over, and the 30-year Treasury yield breaking through 5% is not the end.

Tim Magnusson of Garda Capital Partners said that the bond market's backlash against the government's "indulgent behavior" is far from over. He stated that a rapid rise in yields may be the only effective way to urge Congress to control the deficit. After Moody's downgraded the US credit rating, the 30-year Treasury bond yield briefly rose above 5% on Monday. As the Chief Investment Officer of a hedge fund with approximately $12 billion in assets, Magnusson believes this is just the tip of the iceberg for future trends. He said, "The direction of US finances will ultimately be determined by the bond market." Lawmakers "will face further tests - 5% is not the limit."