Personally I used to try to purchase rising rate funds and such when the bond market rallied but for some reason I never could really get it right. So I stopped… As I said, I am lame at trying to predict what will happen in the bond market and even lamer at why those moves happen. My knowledge is rudimentary at best. However I watch the 10 year for my own benefit and to help clients understand the correlation between the 10 year and the long term mortgage rates.
I leave the prognostications of the bond market and the forecasting of movement to those who do it for more serious reasons.