Morgan Stanley strategists have countered bond king Bill Gross's claim that US Treasuries have entered a bear market, after 10-year debt rose to its highest level in ten months at 2.55%.
Janus Henderson's Bill Gross tweeted on Tuesday (9 January) that a "bond bear market has been confirmed", as the ten-year US Treasury yield climbed to the highest level in around ten months. However Morgan Stanley strategists Matthew Hornbach and Guneet Dhingra said: "This is not the bear market you are looking for," in a note on Thursday, according to Bloomberg, adding "Treasuries continue to offer value". US 10-year yields rose seven basis points on Tuesday to top 2.55% for the first time since March, 15 basis points beyond Gross's 2.4% yield barrier of a bond bear market. Furt...
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