Morgan Stanley Analyst Notes Investor Skepticism Over Treasury Secretary Bessent's Economic Policies

Investors Skeptical on Bessent Put, Morgan Stanley's Sheets Says

"Investors are skeptical that the Treasury's actions in a big way can change the big picture of what's going on," says Andrew Sheets, global head of fixed income research at Morgan Stanley. Treasury Secretary Scott Bessent recently pledged to increase purchases of long-dated bonds, a move widely seen as an attempt to push down yields in the world’s most important debt market. Speaking on Bloomberg Television, Sheets also discusses the outlook for US economic data and Federal Reserve policy. (...