After hitting my long awaited target, the reversal we have seen over the past 12 months strongly suggests a multi-decade top is now in for bonds.
Looking at the internal structure of bonds, I suspect it's close to a decent bounce, so those that are short bonds (or long TBT) probably want to move your stops lower, as a decent bounce for wave 4 of  can see 137, that's a nasty move if you get short the lows.
Getting short near the lows is a dangerous method, as most times it tends to reverse and squeeze the bears that are late to the party.
In order to change the complexion of the decline, the bulls would need a move above 142; any bounce that stays below 137.50 (especially if a weak looking corrective advance) is a sell.
Long term it sure looks like a major high in place, so target the 100.00 area.