Cheapest Treasuries in Four Months Too Costly for Morgan Stanley

Updated on
  • Hornbach says sell 10-year notes versus three-, 30-year paper
  • Sticks with call to buy five-year notes as sees Fed on hold

People Getting More Cautious Holding Treasuries: Diebel

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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