Yes, you're trying to time the market. And I'm here to tell you there's nothing wrong with that! Of course, it requires you to predict the future, but that's not as hard as most people make it out to be
If you're future predicting skills are a little rusty, here are a few safe bets:
1) find a high-yielding CD and you don't have to worry about NAV fluctuations
2) buy some TIPS, which are likely to be less volatile than other bonds assuming a rise in inflation contributes to at least part of rising interest rates
3) buy short-term (i.e., short duration) bonds, such as Vanguard's short-term corporate. Yield is about 3% and duration is only 2 years, so the fund should at least tread water during rising rates.
Be thankful that you already missed over 1% of a rise over the last couple of months, so you're already ahead of most of us by starting now.