Like I said look for it to go back to 2.5 or less. Bank interest rates will also come back down. The fed said they will continue to lend money to banks at 0 to .25 for quite a few years to come.
It doesn't matter what you or I say - but for now at least you've got it right - It's all about the 10Y and nothing else. Well unless AGNC announces a huge dividend cut!