Morgan Stanley Likes Long-Term Treasuries as Fed Rate Bets Pared
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Ten-year yields are half a percentage point from record low
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Fed Chair Yellen to give Congressional testimony this week
Morgan Stanley is recommending investors stick with long-term Treasuries as traders continue to pare bets on how fast the Federal Reserve can raise interest rates before Chair Janet Yellen gives her semiannual testimony to Congress this week.
With yields on U.S. 10-year notes within half a percentage point of an all-time low, Morgan Stanley strategists say there’s more room for them to fall as economic data underperform analysts’ estimates. They also recommend bullish positions in long-term bunds and gilts. The yield on the Bloomberg Global Developed Sovereign Bond Index dropped to 0.77 percent on Friday, extending its decline to the lowest level since at least the start of 2010…
Morgan Stanley Likes Long-Term Treasuries as Fed Rate Bets Pared
