The 10 year just printed 2.41. It has come too far too fast and overshot the 30 year trend line on TNX. I am not sure if it holds but I think it at least pauses here.
$TLT holds this 119-121 area and is going to bounce hard. I went bearish at $143. Now I am bullish at this 120.
Long with a mental stop below 118.
*All of these are my opinions and not investment advice.