[Treasury bulls are bullish on long-term yield downside betting that the Federal Reserve will eventually beat inflation] the Federal Reserve has made limited progress in curbing price rises over the past two years of soaring inflation in the United States. A group of investors in the bond market believe that not only will the Fed eventually beat inflation, but long-term interest rates will return to low as expected. Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments, holds this idea. "I think the Fed is slowly regaining its credibility in fighting inflation, and as inflation gets closer to its target, long-term interest rates will once again become a reliable anchor for yields," he said. This view is not uncommon in the market.