Morgan Stanley: Il est significatif d'adopter une attitude plus ouverte envers le département américain de l'efficacité dirigé par Musk.

Odaily Planet Daily News Morgan Stanley expects the yield on 10-year U.S. Treasury bonds to fall to 3.55% next year, below the previous 3.75%, as they expect the Fed's rate cut to exceed market expectations. Morgan Stanley's team also has an interesting view on the U.S. Department of Government Efficiency and its leaders Elon Musk and Vivek Ramaswamy, saying, "While many doubt whether they can truly reduce spending by improving efficiency, we believe that, given the individuals involved and the seeming focus of Trump's second term, a more open attitude makes sense. As the final outcome is still uncertain, we believe term premiums will explain how the bond market views this issue." (Jinshi)