Morgan Stanley Says Fed Rate Bets Too High, Buy Five-Year Notes

  • Wall Street firm sees market odds of 2016 hike falling to 30%
  • Two-year yields will drop to 0.65 percent, strategists say

Fed Is on Hold Until January; John Brynjolfsson

Morgan Stanley says investors are overestimating the chances of higher U.S. interest rates this year and should buy five-year Treasury notes.

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