With yields soaring exponentially higher, 30Y paper peeking above 5% and 10Y yields about to do the same...
... some banks are quietly drawing a line in the sand, and according to Morgan Stanley Investment Management (not to be confused with the bank's Rates strategist Matthew Hornbach who has been one of the last bulls standing on TSYs as most of his Wall Street peers turned bearish), if 10-year US Treasury yields hit 5% or higher, that’s a good entry point for investors.
