Right now they need to cut the dividend by 20% to get back to 100% coverage. And most analysts are still predicting for interest rates to go up another 0.75 - 1.00% by 2014 which could be 2% by 2015. You are only stating what you hope for and not what is expected.
The 10Y turned tail at 3.00% creating a short-covering rally. You had better put in a stop-loss order near $21 and hope that you are right. But if the 10Y does cross the 3% make your stop will be hit. Just remember rule one when it comes to the stock market - "protect your capital."