Jun
19
Morgan Stanley Says Bet on Bonds Ahead of Vote; Treasuries Fall
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Treasuries head for their biggest decline in a month Monday
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‘Bonds are too expensive’ after global surge, Mirae’s Li says
Morgan Stanley says investors should bet on longer-term bonds ahead of the U.K. vote on whether to leave the European Union.
“We suggest investors remain long duration across developed rate markets into the EU referendum,” Morgan Stanley analysts including Matthew Hornbach, the head of global interest-rate strategy in New York, wrote in a June 17 report. “Rates would fall much further on a vote to Leave than they would rise on a vote to Remain.”…
Morgan Stanley Says Bet on Bonds Ahead of Vote; Treasuries Fall
