Morgan Stanley Says Bill Dudley Is Wrong About Bond Market
- Strategists see scope for Treasury market rally from mid-July
- Former New York Fed head expects 10-year yield to reach 4.5%
Bill Dudley
Photographer: Victoria Jones/AFP/Getty ImagesThis article is for subscribers only.
When it comes to the bond market, it’s Morgan Stanley vs Bill Dudley now.
In their latest assessment of the bond market outlook, Morgan Stanley strategists are challenging the former head of the Federal Reserve Bank of New York’s view that losses are likely to deepen.