Morgan Stanley expect US Treasury yields to head lower – stubborn Fed the biggest hurdle

<p>Via a recent Morgan Stanley note on USTs, see yield being sent lower by an eventual Federal Reserve pivot, initially in rhetoric::</p><ul><li>We maintain a bullish stance on government bond duration and expect yields to trend lower. </li><li>Stubbornly hawkish central bank rhetoric remains the biggest impediment to a larger bond market rally, but could provide dip-buying opportunities in preparation for a rhetorical policy pivot</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.