Cheapest Treasuries in Four Months Too Costly for Morgan StanleyBy
Hornbach says sell 10-year notes versus three-, 30-year paper
Sticks with call to buy five-year notes as sees Fed on hold
Morgan Stanley says it’s time to sell 10-year Treasuries against both longer- and shorter-dated U.S. debt, just as the notes dropped to their cheapest level in four months.
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