Bond yields are rising at the same time inflation is slowing, providing a cushion for investors in Treasurys whether or not the Federal Reserve slows the pace of its debt purchases, Bloomberg writes. 

"We don’t think inflation is a big threat," Andrew Wickham, head of U.K. and global fixed-income at Insight Investment Management. "It is very unlikely that we will see any major rise in interest rates for Treasurys from here."