Treasuries topped out?

IEF, Barclays’ 7-10 year treasury ETF has been trading in a 102 to 105 range since October.  When the market is down it has been trading near 105.  I put a call credit spread in place, betting that IEF would stay below that 105 level for the rest of this week.  I sold S105 calls and bought S106 calls for a net credit of $0.20.   My offer at the time was close to the mid point between the asked and bid prices.

IEF, click to enlarge

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