Morgan Stanley believes rising yields ‘reasonable’

Morgan Stanley considers the rapid rise in the yield on the 10-year Treasury note is “reasonable” given forecasts of solid economic recovery later this year, the investment bank’s global fixed-income portfolio manager Jim Caron told CNBC in an interview on Friday.

“This is the level the market expected,” Caron explained, adding that it is a reflection of growing confidence in the US economy.

Earlier this week, Federal Reserve Chairman Jerome Powell refused to comment on rising Treasury yields, stating only that the central bank monitors “a broad range of financial conditions” which show that conditions are “accommodative and that is appropriate.”



Breaking the News / JC



Source link

About the author: admin Academy

admin

Alcuni articoli sono qui aggregati per darti un'informazione continua e costante, pertanto, sotto ognuno di essi troverai la fonte: entra nel sito di riferimento per avere ulteriori news ed informazioni sull'economia mondiale, ti sarà utile. Ti aspetto nell'Academy!

Get involved!

Fai trading in gruppo!
L'unica Academy di trading completamente gratuita per gli utenti FpMarkets

Comments

Ancora nessun commento