A bond is only worth the sum of its interest and principal payments over a period of time. In any market that exceeds 2% inflation per annum, you have to account for the additional inflation in the future remaining coupon payments as well as during the elapsed period's actual inflation. This requires a certain amount of projection simply to adequately protect principal.
If you argue to get into bonds generically without considering the facts, you are promoting to people to burn their hard-earned money in effigy. Yes a bonds 60/40 portfolio is standard financial advice, but we are not living in standard times.
My parents followed that advice during 2008 and lost most of their retirement. I'm not saying anyone should do anything, I'm saying you need to do what's best for you and proper valuation is part of that, and your response seems to have remained silent on that part. Risk management is crucial for any kind of investment; and there are risks today which we have not dealt with in the past 20-30 years.