Morgan Stanley ‘Last Bull Standing’ on Treasuries as Peers Shift
- Strategists recommend five-year Treasuries, 30-Year TIPS
- JPMorgan raised its forecasts for Treasury yields last week
This article is for subscribers only.
Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy.
Treasuries are also likely to be supported as inflation can keep slowing even if growth does remain relatively healthy, strategists at the investment bank including Matthew Hornbach in New York wrote in a research note.