A ‘Completely Flat’ Yield Curve and Record-Low Yields Lie Ahead in 2018
This article is for subscribers only.
In 2018, the Treasury curve will resemble another expanse in the U.S. where workers toil for yield: the farmlands of the Great Plains.
Morgan Stanley is instructing investors to prepare for a "completely flat" U.S. yield curve in the third quarter, a more extreme take on T. Rowe Price Group’s assessment that the spread between two and 10-year Treasuries will zero out next year.