For those who don't have the savings to play in the bond market, or lack of knowledge of how to do so. (thats me), there are some interesting ETF's.
Check out these ETF's
TYD, TMF, TYO, TMV, TBT
I am very sure that there will be volatility this year in the leveraged ETF's. Worth checking out. Remember, the 2x and 3x funds tend to lose money over time due to expenses.