0641 GMT - Morgan Stanley Research marks-to-market their duration forecast, expecting the 10-year German Bund yield to end the year at 1.80%, up from their previous forecast of 1.65%, strategists Lorenzo Testa and Maria Chiara Russo say in a note. The new year-end target, however, is still well below the current level; the 10-year Bund yield ended Friday at 2.421%, according to Tradeweb. "We incorporated mark-to-market adjustments and higher U.S. Treasury forecasts, resulting in an overall upward revision," the rates strategists say. Morgan Stanley retains a positive stance on duration but foresees a slower normalization at and below the 2% Bund target seen currently by the second quarter of 2025. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
February 17, 2025 01:41 ET (06:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.