Henderson's Mark Harris has warned investors in fixed income funds will lose money over the next ten years.
Investec Asset Management's John Stopford says the group has been selling European and US government bonds as fears over the economic slowdown have become "overdone".
Investors are continuing to pile into gilts as fears deepen that the global economy could be teetering on the brink of a double-dip recession.
M&G head of retail fixed income Jim Leaviss believes government bonds still offer value despite the yield on the 10-year gilt approaching historic lows last week.
HSBC has launched a Global Inflation Linked Bond fund which will invest in sovereign debt issued by OECD countries.
Investec's John Stopford believes UK index-linked gilts continue to offer good value after the DMO raised £6bn in a sale of the securities yesterday.
Pimco, the world's biggest bond manager, has turned bullish on UK government debt, just six months after it warned gilts were resting "on a bed of nitroglycerin".