Well at least you got todays 3% move. Remember you will lose money in bonds if rates rise. Cash might be a better call right now, not bonds.
If rates rise anytime in the next 10-20 years, we are all in trouble. We must always remember that we owe so much money now and more in the future that we cannot pay any reasonable bond rate in the near future. Having a $4 trillion budget with $2 trillion in interest is not doable. If the FED let the interest rates float naturally, we would have died back in Obama years. A retired person trying to make safe income is just doomed. They will continue to look to high dividends until the companies go broke. ATT, MO, XOM, and others will keep trying to pay until they cut their dividends and when they cut their dividends, they will sell off the stock and retirees will go broke.
I saw the same think when the Soviet Union broke up. Retirees were left thrown out of their apartments begging for food on the corners.
I'm interested in what bitcoin will do in a world wide crash. The only safe money are the metals.
Maybe if we beg just right, Chairman Xi will throw us a bone when they take over.