TBT had a long term breakout last November. Looks like it is working on a re-test. A close about $43 might be a game changer (to confirm the death of bond bull market). It is still too early to make the call.
but TLT simultaneously looks supportive so long as it holds ~119. I think we see rates go lower in the near-term as infrastructure spending and the ultra-long bond issuance still seem to be TBD for the new administration's agenda.