Considering the strong demand among people in the market, 10-year yield won't stay above 1.6 percent for a long time. Even if it reaches it, it won't probably hold for a long time.
Bonds are unlikely to rise as people in the market are aiming for the 1.6 percent coupon.
There may be some selling as people want a higher coupon for the new debt. A 2.2 percent coupon may disappoint investors.
His intentions were not very clear but there is a sense of disappointment in the market, considering some people were thinking the recent spikes in the short to intermediate sector of the yield curve were overdone.