Tag: Bill Gross

Morgan Stanley, Goldman Sachs Counter Bearish Gross on U.S. Debt

Morgan Stanley and Goldman Sachs Group Inc. are dropping bets against Treasuries.

Economic growth is falling short of forecasts and market participants may need to reduce their yield predictions, Jim Caron, the New York-based global head of interest-rate strategy at Morgan Stanley, wrote in a report yesterday. Goldman Sachs cited Federal Reserve comments and a slower-than-forecast pace of inflation in a report the same day.