Room for Eurozone Duration to Firm, Says Morgan Stanley -- Market Talk

Dow Jones

Mar 31, 2025

0556 GMT - Eurozone duration could firm, pushing yields lower, benefiting from relatively cheap levels, say Morgan Stanley Research's Lorenzo Testa and Maria Chiara Russo in a note. "We think the next events in the calendar should favor some more richening given duration is currently trading at discount," the rates strategists say. As for upcoming events, they refer in particular to flash estimate inflation data for Italy and Germany on Monday and for the eurozone on Tuesday. In addition, more clarity is expected on U.S. tariffs on April 2. Morgan Stanley's fair value model for 10-year Bunds shows the German benchmark is currently trading on the cheap side. On Friday, the 10-year Bund yield closed 4.5 basis points lower at 2.732%, according to Tradeweb. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

March 31, 2025 01:56 ET (05:56 GMT)

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As for upcoming events, they refer in particular to flash estimate inflation data for Italy and Germany on Monday and for the eurozone on Tuesday. In addition, more clarity is expected on U.S. tariffs on April 2. Morgan Stanley's fair value model for 10-year Bunds shows the German benchmark is currently trading on the cheap side. On Friday, the 10-year Bund yield closed 4.5 basis points lower at 2.732%, according to Tradeweb. (emese.bartha@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2025 01:56 ET (05:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Room for Eurozone Duration to Firm, Says Morgan Stanley -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoom for Eurozone Duration to Firm, Says Morgan Stanley -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-31 13:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0556 GMT - Eurozone duration could firm, pushing yields lower, benefiting from relatively cheap levels, say Morgan Stanley Research's Lorenzo Testa and Maria Chiara Russo in a note. \"We think the next events in the calendar should favor some more richening given duration is currently trading at discount,\" the rates strategists say. As for upcoming events, they refer in particular to flash estimate inflation data for Italy and Germany on Monday and for the eurozone on Tuesday. In addition, more clarity is expected on U.S. tariffs on April 2. Morgan Stanley's fair value model for 10-year Bunds shows the German benchmark is currently trading on the cheap side. On Friday, the 10-year Bund yield closed 4.5 basis points lower at 2.732%, according to Tradeweb. (emese.bartha@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2025 01:56 ET (05:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772923.USD","symbol_name":"CPR Invest - Climate Action A2 Acc USD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2523963952","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2523963952","pubTimestamp":1743400560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0556 GMT - Eurozone duration could firm, pushing yields lower, benefiting from relatively cheap levels, say Morgan Stanley Research's Lorenzo Testa and Maria Chiara Russo in a note. \"We think the next events in the calendar should favor some more richening given duration is currently trading at discount,\" the rates strategists say. As for upcoming events, they refer in particular to flash estimate inflation data for Italy and Germany on Monday and for the eurozone on Tuesday. In addition, more clarity is expected on U.S. tariffs on April 2. Morgan Stanley's fair value model for 10-year Bunds shows the German benchmark is currently trading on the cheap side. On Friday, the 10-year Bund yield closed 4.5 basis points lower at 2.732%, according to Tradeweb. 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As for upcoming events, they refer in particular to flash estimate inflation data for Italy and Germany on Monday and for the eurozone on Tuesday. In addition, more clarity is expected on U.S. tariffs on April 2. Morgan Stanley's fair value model for 10-year Bunds shows the German benchmark is currently trading on the cheap side. On Friday, the 10-year Bund yield closed 4.5 basis points lower at 2.732%, according to Tradeweb. (emese.bartha@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 31, 2025 01:56 ET (05:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}