Morgan Stanley names the global stocks set to be 'disadvantaged' from rising yields

The U.S. Federal Reserve struck a hawkish tone at its latest meeting and Treasurys have risen to multi-year highs . According to Morgan Stanley, those conditions could put certain stocks in Asian and emerging markets at a disadvantage. The U.S. 10-year real yield recently rose above 2.1% — the highest level since 2006-2007 — and that "could put pressure on valuations of stocks with long duration exposures," the bank's strategists wrote in a Sept. 22 note.

Stocks with 'longest duration exposure' The bank ran a screen of Asian and emerging market MSCI index constituents that meet the following criteria: 1) lower free cash flow yield than their peers; 2) higher financial leverage than their peers; 3) categorized by the bank as growth and low-quality stocks; and 4) a market capitalization of over $5 billion. Here are some of the stocks with the "longest duration exposure.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Asian shares mostly lower after Wall Street retreat deepensShares in Asia are mostly higher, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

'We are in a bit of a vacuum that is scaring people,' says Morgan Stanley portfolio manager of Treasury market selloffThe sharp, recent selloff in the $25 trillion Treasury market is spooking investors, but it also could be an opportunity, says Andrew Szczurowski, a...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »