摩根士丹利：美国国债收益率能低到什么程度？

February 26, 2025 11:17 AM GMT US Rates Strategy | North America How Low Can UST Yields Go? For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report. A buyers' strike, momentum-driven duration shedding, macro fund reflation trades, and a hawkish pivot from the Fed catalyzed higher yields from September. Every factor reversed after the presidential inauguration save for one. Rhetoric from FOMC participants is less dovish than before the ele ...