The Bonds are Mid market for the recent 8 point range.
Even though there is no bounce to the 30 Yr. the rest of the board is looking vulnerable.

Therefore, we recommend you taking some more money off the table in this trade and reduce your core
weighting.

We are concerned of another bought of flight to safety in the Bonds, in which case you’ll get another opportunity
to sell the Bonds and Buy the TBT.