Core Viewpoint - Morgan Stanley's research indicates that the spread of Eurozone government bonds is currently in a tight balance, with limited potential for significant further narrowing [1] Summary by Relevant Sections Market Conditions - The current valuation of Eurozone bonds has reached the highest level since the Lehman Brothers collapse, suggesting limited room for significant narrowing of spreads [1] - The short-term outlook is more optimistic, as cross-asset comparisons do not present significant challenges, and a positive fundamental environment supports peripheral countries [1] Investment Strategy - The company maintains a long position in Spanish bonds compared to Belgian bonds in the long term [1] - In the short term, the strategy includes tactically going long on Greek bonds while shorting German bonds [1]
摩根士丹利:欧元区国债利差进一步收窄空间有限
news flash·2025-06-16 07:04