The market for the 10 year treasury notes has seen to bottom out for now as we are getting come clear bids coming through in the market. As we speak, the market has bounce off of 118.770 and appears to be testing the 120 handle to the upside. Further resistance can be found at 120.25 and 121 if we could get more buying momentum coming in. If not, we will likely to a retest to the most recent low on the downside at 118.770.