"Bond investors should get ready for another bumpy ride in Treasurys this week as stock markets remain unsettled and the Federal Reserve gathers for its rate-setting meeting.</br></br>Markets continue to expect another interest-rate cut, although investors have scaled back bets for a half-percentage-point move in the federal-funds target rate to 3% and now see a quarter-point cut as more likely. The week also is laden with data from the durable-goods report to January readings on national manufacturing activity and payrolls.</br></br>Investors are split as to where the two-year-note yield, the most sensitive to policy changes, is headed.</br></br>""The battle between safety and value will persist,"" said Chris Sullivan, who oversees $1.3 billion as chief investment officer at the United Nations Federal Credit Union. Mr. Sullivan said the two-year note's rally last week -- which took the yield down to levels not seen since 2004 -- had more to do with risk aversion than with economic fundamentals.</br></br>He has shifted out of shorter-dated notes into the five- and 10-year sectors."