Bondmarket panic is being overhyped by market tourists, says Morgan Stanley strategist

Image for article 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]

Must read Articles