Getting into long term bonds is a risky business at this time. Most money managers believe interest rates will rise significantly in the not too distant future. When interest rates rise, bond prices will fall (including bond mutual funds). If you can get 3% on a 10 Treasury now and plan to hold it until maturity, and will not have heartburn if interest rates climb higher than 3%, go for it. That said, the feds will do everything they can to keep interest rates low. They are financing a large federal debt and each percentage point cost billions of dollars in interest payments. I usually adjust my bond/note to stock ratio as the market rises and falls. I have been buying stock for several years now in my retirement accounts. When stocks get too high I will switch back to buying bonds/notes.
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