I guess it all really depends on whether or not you expect high inflation in the near future. If so, then you're probably better off investing in gold, silver, platinum, palladium, fertile raw land, and significantly undervalued home foreclosures in desirable areas.
The only reason to be holding bonds at rates this low right now is if you expect deflation or for the market to be plain flat for a long time being.
"There's nothing sadder in this world than to awake Christmas morning and not be a child. I Lost Everything in the Post-Natal Depression." - Erma Bombeck
"How far you go in life depends on your being tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of the weak and strong. Because someday in life you will have been all of these." - George Washington Carver