Invest: Morgan-Stanley-Chefökonom: Hohe US-Renditen „sind kein Grund zur Panik“
Seth Carpenter, Chefökonom von Morgan Stanley, erklärt im Podcast, warum die Sorge vor einer Schuldenkrise übertrieben ist und warum die Zinsen in den USA nicht steigen dürften.
Concern over rising U.S. yields is currently spooking global investors, with a potential power struggle emerging between U.S. Treasury Secretary Scott Bessent and bond markets. "That is the central question," emphasized Seth Carpenter, Morgan Stanley's Chief Economist, in the TradeTalks Invest podcast. Carpenter believes the U.S. Treasury Department would need to inject significantly larger amounts of capital to effectively calm the $32 trillion bond market in the long term.
Bessent had announced a relatively small buyback of longer-term bonds last week, but the effect faded quickly. Carpenter, who previously worked in the Treasury Department and at the U.S. Federal Reserve, still views rising bond yields as less dramatic than other investors. "I see no reason to panic," he made clear in the podcast. Listen to the latest episode with your TradeTalks Invest subscription.
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