Bond Heavyweights Target a Market Sweet Spot for New Warsh Era

Some of the biggest bond managers are zeroing in on one specific area of the market as the best place to ride out the early days of the Kevin Warsh era.

From Capital Group to Insight Investment, Natixis and Pacific Investment Management Co., the message is the same: The sweet spot is the “belly,” or the five-year area of the Treasury curve, and they’re all piling in.