I’ve slightly raised my target to 3.24%, but I still expect the pattern shown to capture the main features of this bull move in tradeable fashion. That implies p2=2.85% can be used not only as a minimum upside projection, but also as a place to scalp short against the trend.  However, the way last week’s blitz shredded the p2 resistance leaves little doubt that rates on the Ten-Year will hit 3.24% before they have a chance to level off.