The Financial Post reports in its Tuesday, Aug. 29, edition that beaten-down U.S. Treasuries are proving irresistible to some investors even after United States Federal Reserve chairman Jerome Powell said he is ready to raise interest rates again to choke off inflation. A Bloomberg dispatch to the Post reports that Western Asset Management said bonds are set to outperform due to attractive yields, while JPMorgan Chase & Co. is keeping its bullish bets on fixed income despite Mr. Powell's warning at Jackson Hole on Aug. 25. Even fresh Fed hikes will not deliver bond losses steep enough to outweigh the income from the highest yields since 2007, the bulls argue. Western Asset manager John Bellows says: "There may be considerable value in the bond market at current yields. Further declines in the inflation rate will eventually allow the Fed to return real interest rates to more normal levels." In early trading Monday, U.S. Treasury yields were in broad retreat, led by the 10-year, lower by more than three basis points on the day at about 4.2 per cent. The 10-year note's yield climbed to a 16-year high last week as markets grew less optimistic about a potential Fed pivot to cutting rates.