OP here. I found an article that mentions a useful tool in Morningstar to help evaluate bond funds.
http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2013/07/23/dont-abandon-bonds-just-yet
From the article:
"If you've got access to more than one bond fund in your retirement plan, you might consider diversifying your bond holdings. When comparing bond funds, one important aspect to consider is the duration of each, or the measure of how likely each is to react to changes in interest rates. The lower the duration, the lower the effect interest rate changes are expected to have on the fund’s value. Morningstar clearly shows each bond fund’s average effective duration, if you’d like to compare the average duration of each bond fund in your 401(k) plan."
In the Morningstar profile, look under the "Portfolio" tab under the "Style Details" section. It includes a chart that plots Quality and Interest Rate Sensitivity for each bond fund.