Bond giants flood into the "belly of the curve": Betting on the 5-year US Treasury bonds to become a "sweet trade" in the Powell era.

The smart financial APP learned that, against the background of Fed Chairman Kevin Warsh ushering in a new era of hawks, some of the world's largest bond management companies are focusing on the "belly" of the U.S. Treasury yield curve - the five-year variety, believing it is the best position to navigate through current policy uncertainties.