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Broker call● Neutral for Indian equities
‘We were wrong.’ Why Morgan Stanley changed its tune on the U.S. dollar — and what it expects now.
The brief
- Rising bond yields and expected Fed rate hikes prompted Morgan Stanley to revise its dollar forecast
- The report does not give the bank’s revised dollar outlook
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- Morgan Stanley’s Co-Head of Public Finance Banking Leaves Firm
- Wall Street’s ‘80/20’ shift gains momentum as stocks rebound
- Morgan Stanley now expects two quarterly BoE hikes amid tough fiscal backdrop
Rising US Treasury yields and market pressure
US Treasury yields climbed to multiyear highs, with the 30-year yield above 5.53% and the 10-year at a 19-year high. Reports cited sticky inflation, heavy bond issuance and rising oil prices, while warning of pressure on US and Indian stocks, valuations and capital inflows.
Friday, 25 September
- ‘We were wrong.’ Why Morgan Stanley changed its tune on the U.S. dollar — and what it expects now.