Morgan Stanley Finds Less Treasuries Liquidity on War Volatility
Interest-rate strategists at Morgan Stanley say this month’s Treasury market slump has hallmarks of forced selling of two-year notes, whose yields soared as traders abandoned wagers on Federal Reserve interest-rate...
By Miles J. Herszenhorn · Bloomberg Markets
Interest-rate strategists at Morgan Stanley say this month’s Treasury market slump has hallmarks of forced selling of two-year notes, whose yields soared as traders abandoned wagers on Federal Reserve interest-rate cuts and began to price in a hike.