We like the short side of the 10 year treasury note for a bearish
move to the 1.59 level as a target. Price action
could continue higher to 1.73 from current levels, but the 1.59 should be achieved before a longer term bullish
move is sustained. So on the longer term scale, we are bullish
for price action
to make a move for the 2.11 level, which could be reached by year end 2016.