This Morgan Stanley podcast, "Thoughts on the Market," discusses the outlook for the global economy and markets in 2025. The discussion covers government bonds, currencies, and the housing market, focusing on the implications of the 2024 US election and resulting policy changes. Experts predict lower government bond yields due to anticipated central bank rate cuts, a continued dollar rally initially followed by a decline, and improved affordability in the US housing market leading to increased sales volume despite lingering supply constraints. Specifically, Matt Hornbach forecasts 10-year Treasury yields reaching 3.75% by mid-2025 and ending just above 3.5%.
