Morgan Stanley Says Quit Worrying About Giant Treasuries Supply
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Bill Murray’s rousing speech in “Meatballs” had his character reassure summer campers fearing failure with the refrain “it just doesn’t matter, it just doesn’t matter, it just doesn’t matter.”
That’s pretty much what some experts are saying about the record deluge of U.S. government debt this year, when it comes to its potential impact on bond yields. Morgan Stanley’s Guneet Dhingra put it this way in a note Wednesday: “supply will go up. So will demand.”