Demand for Treasurys holds as the government floods the market with over $180 billion in new debt this week.
Active funds are outpacing passive index funds as clients seek income.
Yields on two- to 10-year notes tumbled as much as 10 basis points at one stage.
The Treasury market has struggled to find a bottom this year as the economy has defied gloomy forecasts.
As co-head of fixed income, Greg Peters sees structural changes in bonds amid all the Fed noise.
Investors that expect rate cuts this year are dialing up exposure to the world's biggest bond market.
The company says investors may be looking for more compensation for holding longer-term bonds.
The “danger of moving too soon is that the job's not quite done," he said on CBS's 60 Minutes.
The Fed chairman forcefully pushed back on hopes of a rate cut in March.
Key to how any steepening unfolds is the timing of Fed rate cuts.
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