end with a quick tlt right at these lows and myhunch is we're going to hold this and we're going to throw back a little bit. so i want to be contrarian and bet that this big move in rates starts to pause. >> all right thanks mike, your trading tlt. >> the nice thing here is the options on tlt because it's a low volatility product are quite inexpensive. basically trying to buy a call close to at the money. i was looking at march 124s today. i was looking to sell the march 12s against it for 60 cents. the reason is that i actually don't see us going much more than above that level. i'm not expecting that you anticipate a really strong rally. if anything, i think we might be in a bottoming formation somewhere in here with rates. >> even if we get above the key 2.6, it's the 3% that represents a new immediate high so 2.8 and specially so adjusted for risk. >> so the chart is interesting i look at your charting the ten-year that's a breakout if i didn't know it was the ten-year yield, it was a stock and there was a tail wind to it which i think the rate tightening cycle is this year, i'd say i