The two investors are at the vanguard of a bearish camp in a growing debate over where Treasury yields are headed.
“It’s a big psychological level that has held for quite some time," one strategist said.
For the chartwatchers wondering what might come next, 3.05 percent is on strategists’ minds.
The yield curve from five to 30 years has flattened to about 30 basis points, the narrowest spread since 2007.
Some investors are backing away from funding America’s obligations as U.S. budget deficits balloon.
The latest debt-ceiling drama is over, and the floodgates are open for the U.S. Treasury to step up issuance.
One worrisome thing for bond investors that’s contributing to higher volatility is the unknown: new Fed Chairman Jerome Powell.
The firm’s Strategic Income Opportunities bond fund manager is trying to shape a steady winner without making big bets.
The stimulus of the tax bill will force the Fed's hand, says Bob Michele of J.P. Morgan Asset Management.
Investors are ramping up bets that the world’s largest bond market will decline further.