HALISTER1: Bond Year of the Bull Has Further to Run, Morgan Stanley Says

Bond Year of the Bull Has Further to Run, Morgan Stanley Says

(Bloomberg) -- Investors should favor longer-term bonds in U.S., Japan, Germany and U.K. over next few months, Morgan Stanley says.
  • Year of bull for rates markets is set to continue with support from politics, productivity and policy, Morgan Stanley says
  • Morgan Stanley economists see a 40% chance of global recession over next 12 months
  • Morgan Stanley says forecasts assume investors will price in lower Fed rates and new quantitative easing program
  • After range-trading through 3Q16, U.S. 10-year yields will end 2016 at 1.25% on their way to historic low 1% in 1Q17, Morgan Stanley says
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Source: BFW (Bloomberg First Word)

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