大摩：10年期美债收益率预计在2026上半年走低，美联储可能实施50个基点的降息

Core Viewpoint - Morgan Stanley strategists predict a rebound in U.S. Treasury bonds in the first half of 2026, with the Federal Reserve potentially implementing a 50 basis point rate cut [1] Group 1 - The 10-year U.S. Treasury yield is expected to decline to 3.75% by mid-next year, before rising to 4.05% in the fourth quarter [1] - For the entire year, the 10-year Treasury yield is anticipated to remain within a fluctuating range [1]