Morgan Stanley Investment Management's Vishal Khanduja turns bullish on US debt for first time in a decade

Vishal Khanduja: Vishal Khanduja is a top-performing bond investor serving as head of the broad markets fixed-income team at Morgan Stanley Investment Management. He co-manages the Eaton Vance Total Return Bond Fund and has built a strong track record in fixed income. He is the central figure in the reported shift to a bullish stance on US debt for the first time in a decade. Morgan Stanley Investment Management: Morgan Stanley Investment Management is the asset management arm of Morgan Stanley, specializing in fixed-income strategies among other investment products. Vishal Khanduja leads its broad markets fixed-income team and co-manages a major bond fund there. The division is directly tied to the news through Khanduja's decision to turn bullish on US debt. Investor Response: Prominent fixed-income managers are beginning to increase portfolio duration to capture attractive income levels from bonds after an extended period of caution. Market Environment: US Treasury yields have risen to multi-year highs amid resilient economic conditions, elevated energy prices, and substantial government and corporate borrowing needs.