Investors have piled into the money funds ever since the Federal Reserve began tightening.
That data led investors to lower the odds of another Fed interest rate hike this year.
A slew of interest rate-sensitive investing strategies are taking a beating this August.
Economic data will be key to divining the Fed's course and value in the bond market.
Bank strategists are warning investors to brace for conditions that prevailed before the global financial crisis.
Average year-to-date returns in Treasurys have dipped into negative territory, according to Bloomberg.
Investors want the notes so badly they're willing to settle for a lower yield.
Much of the attention will likely fall on how the 30-year Treasury fares.
Factors other than Fed rate hikes are threatening to prolong the bond market's fitful recovery from last year's rout.
Economic data how have the potential to push market volatility near historic levels.