Duration

Morgan Stanle

2026-10-08 16:13:16

Morgan Stanley IM bond investor turns bullish on U.S. Treasuries for the first time in a decade

Vishal Khanduja, a senior bond investor at Morgan Stanley Investment Management, has turned bullish on U.S. bonds for the first time in 10 years as yields climbed to their highest level in two decades and began to weigh on economic growth. Khanduja, one of the firm’s better-performing bond investors, co-manages the $4.1 billion Eaton Vance Total Return Bond Fund with Brian Ellis. As of June, the fund had lifted its duration, a measure of interest-rate risk, to 6.07 years. Khanduja, who leads the broad markets fixed income team, said this was the first time in more than 10 years that the fund had taken an overweight duration position. The move points to a notable shift in stance after an extended period without such positioning.

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Michael Saylo

2026-09-14 12:06:03

Michael Saylor says STRC carries a 57-basis-point Bitcoin credit spread

Michael Saylor said in a post on X that, under a set of stated Bitcoin assumptions, the U.S. dollar duration is 3.9 years and STRC’s Bitcoin credit spread is 57 basis points. The assumptions he cited were a 10% annualized Bitcoin yield, 40% Bitcoin volatility, and a Bitcoin price of $77,266. The statement was presented as a conditional calculation based on those inputs. Odaily reported the post as a market-related update, without adding further detail beyond the figures Saylor shared. No additional methodology or background was disclosed in the source material.

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