As traders speculate rates won't rise till December 2015, Treasuries' yields fall most in five years.

As traders speculate rates won't rise till December 2015, Treasuries' yields fall most in five years.

Rising interest rates unlikely to cause mass exodus of $3.5 trillion in U.S. fixed-income funds.

Rising interest rates unlikely to cause mass exodus of $3.5 trillion in U.S. fixed-income funds.

Investors have submitted $3.4 trillion of bids for the $1.12 trillion of Treasury notes and bonds sold so far this year.

That's the new bond market mantra as investors dismiss inflation risk.

That's the new bond market mantra as investors dismiss inflation risk.

Bulls and bears are butting heads over direction of the bond market; the majority of investors today expect swings in one direction or the other.