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.”
