As of right now? Do nothing.

I have plenty of liquid capital to outlast a 2-3yr period of unemployment if the worst happens. Very unlikely but possible hence why I keep the cushion I have.

If however there is a big recession and a big market downturn and I'm not laid off in the process I intend to aggressively buy securities with that big cushion I built up over the last few years instead.

Not sure what else one can do when the bond market has moved so sharply of late. At this point a recession is priced in and the bond market while it's too optimistic sometimes is very rarely too pessimistic. So I would say it's coming no matter what because the forces that be have decided it will come.