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Berner Says 10-Year Bond Yields May Fall to 2.25% After Easing

The yield on the 10-year U.S. Treasury note may fall to 2.25 percent should the Federal Reserve renew large-scale asset purchases, said Richard Berner, co-head of global economics at Morgan Stanley in New York.

“I think we are already in a new rate regime,” Berner said in a Bloomberg Television interview on “Surveillance Midday” with Tom Keene. “I think the Fed is trying to make sure we don’t become Japan. That is really the effort.”