Line in the sand (30 year bond)

After watching volatility come off aggressively this past two weeks, and seeing definite selling pressure here around 127'100, I am wondering if the short volatility trade may be keeping this pinned. Futures options expiration is next week, so aggressive buying (with the help of the Fed) with continued bond friendly data (especially if the stock market rally loses its steam) could possibly unhinge this as volatility sellers are forced to hedge their deltas.