Morgan Stanley challenges link between U.S. debt fears and Treasury yields
Morgan Stanley (MS) said America’s expanding debt load is a poor guide to where Treasury yields are headed, as the 10-year Treasury yield approaches 4.8%.
Morgan Stanley NYSE:MS is pushing back against one of the bond market's biggest fears, arguing that America's rapidly expanding debt load is a poor guide to where Treasury yields are headed.
The call comes as the 10-year Treasury yield approaches 4.8%, its highest level since early 2025, and sugges…