If yields make a new high I think they'll fly.

If we draw a fib from the high to low of the last leg into the low in yields we can see the current bounce is off the 127 fib.

Most often when this is a correction the high comes around 161 (Which would be 7%). However, i find more often when we have a 127 bounce the 161 breaks and the following fibs hit.

If this TA norm plays out, it'd imply the FED is far from finished.