Step 1

When ready to cook, set the Traeger temperature to 225℉ and preheat with the lid closed for 15 minutes. For optimal flavor, use Super Smoke, if available.

Step 2

Wrap a slice of bacon around each filet and secure with a toothpick. Season liberally with Traeger Prime Rib Rub.

Step 3

Insert the probe into the center of a filet. Place the steaks directly on the grill grates. Close the lid and cook until the internal temperature reaches 115℉, about 20 minutes.

Step 4

Remove the steaks from the grill. Increase the grill temperature to 450°F (or 500℉, if available), close the lid, and preheat 10 minutes.

Step 5

Meanwhile, make the red wine reduction: Melt 1 tablespoon of butter in a medium pan over medium heat. Add the shallots and sauté until translucent. Add the red wine and beef stock and bring to a simmer. Reduce the heat to low and simmer until the liquid has reduced by half. Stir in the rosemary, then remove the pan from the heat. Whisk in the remaining tablespoon of butter. Season with salt to taste.

Step 6

Return the steaks to the grill and re-insert the probe. Sear until the internal temperature reaches 125°F for medium-rare or your desired temperature, 5-7 minutes per side.

Step 7

Remove the steaks from the grill and let rest for 5-7 minutes.

Step 8

Serve the steaks with your favorite sides and spoon the red wine reduction sauce over the top. Enjoy!