Bondmarket panic is being overhyped by market tourists, says Morgan Stanley strategist
News Source : Business Insider
News Summary
- Yields on 10- and 30-year US Treasurys rose as high as 4
- 6% and 5
- 2%, respectively, this past week
- Jim Caron, chief investment officer of Morgan Stanley Investment Management, says the issue is being blown out of proportion
- He said markets were already aware that the national deficit is a problem
The recent surge in US bond yields is overblown, said a chief investment officer at Morgan Stanley.Hes referring to yields on 10 and 30year US Treasurys, which rose as high as 4.6% and 5.2%, res [+2298 chars]
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