Morgan Stanley's Sheets Doubts Bessent Can Shift Treasury Market

Andrew Sheets, Morgan Stanley's global head of fixed income research, said investors are skeptical that Treasury actions can change the broader picture in a major way, according to Bloomberg. Treasury Secretary Scott Bessent recently pledged to increase purchases of long-dated bonds, a move widely seen as an effort to push down yields in the world's most important debt market. Sheets also discussed the outlook for US economic data and Federal Reserve policy on Bloomberg Television.