Better entry point would be to yield 6.15%. T trades at about 3.15% over the 10-year Treasury note yield. If 10-year's retrace to around a 3% yield, that would put the T yield at 6.15% for a T price of $29.27 = (4*$0.45/0.0615).
I bought some T earlier this year at around this price level. Traded down to $33.11 for a few dollars loss. I'm trying to sell those shares out for a small profit. I'll try to get back in around $33.22 where T yields 5.41%.
It may not look like it today but within a week we will be back to $36 and will look much better. T is in an up trend according to the 50 DMA. The 200 DMA is at $35.64 and, because it closed below that yesterday, many computer programs triggered sales this morning. My guess is that we will be back above $35 at the close today.