Morgan Stanley Vindicated on Treasuries as Fed Rate Odds Decline

  • U.S. bank recommended five-year notes on view Fed to hold fire
  • Yield declines most since July this week as data fall short

El-Erian Sees Sept. Fed Decision as Judgement Call

Morgan Stanley’s bet on five-year Treasuries paid off as the notes head for their best weekly performance since July amid receding odds of a Federal Reserve interest-rate increase this month.

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