Bonds sold off again on Friday as jitters over the crisis in Greece and Chinese stock market eased.
The TLT, the ETF that tracks longer-dated bond yields, was down more than 1.5 percent during Friday afternoon trading, while the S&P 500 was more than 1 percent higher. And according to one trader, the bond market could continue to fall over the next several weeks.
"I think the broader market is beginning to stabilize here," technical analyst Todd Gordon said Friday on CNBC's "Trading Nation." Gordon's cause for concern stems from the recent bounce back in Chinese equities and a strengthening euro. "A decrease in volatility in U.S. stocks will put pressure on the bond market," he said.