With some encouraging numbers on the economy, and some sidelined money coming into equities, I predict that folks are going to start getting a little nervous about tying up money for 10+ years at 2%. My guess is that rates will move steadily higher. Maybe to 3% this year, 4% next year. Quite a nice return if you own TBF.
If there is another leg up in the averages many advisors will have to move into equities and abandon some of their bonds. Personally, I couldnt sleep at night holding 10 at 2%. You could lose 20% of your capital before you even saw it coming.