A lot of people may do the same, so there could be demand for such long term bonds, and the funds may have to buy the bonds at higher rates, so some profit may be lost here.
Also, long term interests rates may or may not happen the way we think they would, and if rates start falling in 2 years, the remaining period of your investment may not yield much.
Calculate how much would you gain by staying in the same funds, how much have liquid funds appreciated since the rise in interest rates, and how much would you gain if you sell and buy new funds etc.
I have liquid funds too, not yet to decided of anything.
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