An increase in purchases by overseas investors is a reason for bonds to rise. It will assure investors that yields won't continue rising.
Yields at these levels look attractive to investors.
Ten-year yields have fallen to quite a low level as the concern over a U.S. economic slowdown has grown.
There is a solid demand for long-term bonds with a 20- to 30-year maturity. Twenty-year yields around 2.2 percent are attractive.
Investors feel there is no need to aggressively buy bonds now as yields may continue climbing amid signs of solid economic growth.