Treasuries Gain as Morgan Stanley States Case for Bullish 2016
- U.S. 10-year yield may fall to 1.45% by Sept. 30, report says
- Tumbling crude-oil price boosts debt in trading Monday
Morgan Stanley: Bonds Set to Surge in 2016
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Morgan Stanley, one of the Wall Street banks that deals with the Federal Reserve, cut its Treasury yield forecasts for 2016 and said the central bank will wait until December to raise interest rates. Benchmark 10-year yields fell from a six-week high.
“The global backdrop for rates markets looks so supportive that 2016 may become known as the ‘Year of the Bull,’” according to a report the company’s analysts issued Sunday.