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Bottom is in for long-dated Treasurys - Morgan Stanley

Published 06/25/2018, 09:55 AM
© Reuters.  Bottom is in for long-dated Treasurys - Morgan Stanley
MS
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TBT
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UBT
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DLBS
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TMV
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TLT
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TYBS
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TMF
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TLH
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ZROZ
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TBF
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SPTL
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TTT
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EDV
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VGLT
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DLBLF
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VUSTX
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  • "3.12% percent was it," says Morgan Stanley (NYSE:MS)'s global head of interest-rate strategy Matthew Hornbach, advising clients to just go straight long the 10-year Treasury note.
  • Since hitting that 3.12% peak a couple of weeks back, the 10-year yield has pulled back to 2.88% as of this morning, and Hornbach sees more declines ahead. The main risk to the trade: A quick resolution to trade tensions.
  • Hornbach's view, of course, is at odds with most of Wall Street, including that of the Morgan Stanley CEO, who expects yields to continue to climb this year.
  • ETFs: TLT, TBT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, UBT, SPTL, DLBS, VUSTX, TYBS, DLBL
  • Now read: 3% Treasury Yields Still Don't Matter


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