Morgan Stanley’s Khanduja Cuts Long-Bond Bets on Bessent Buyback Move

Morgan Stanley Investment Management’s Vishal Khanduja is scaling back bearish positioning against long-term US Treasuries, citing Treasury Secretary Scott Bessent’s willingness to do “whatever it takes” to prevent yields from rising. The shift implies less downside risk to duration and more support for long-end bond prices. While sentiment is improving for Treasuries, it’s primarily a positioning read rather than a policy action or data release.