Apr
28
Goldman Sachs Calls Bonds Expensive as Morgan Stanley Is Bullish
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Goldman says U.S. 10-year yield should be more than 2.1%
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Morgan Stanley predicts yield will fall to 1.45% by September
Goldman Sachs Group Inc. called Treasuries overpriced and said the Federal Reserve is poised to raise interest rates, clashing with Morgan Stanley’s forecast for a rally.
Ten-year Treasuries “look expensive,” based on Goldman’s assessment of a fair value, Francesco Garzarelli, the London-based co-head of fixed-income strategy, wrote in a report Thursday. Yields should be higher than 2.10 percent, based on a model the firm uses to analyze bonds, versus 1.82 percent as of Thursday…
Goldman Sachs Calls Bonds Expensive as Morgan Stanley Is Bullish
