Morgan Stanley Bond Veteran Is Bullish for First Time in Decade

Bonds Morgan Stanley Bond Veteran Is Bullish for First Time in Decade Morgan Stanley Investment Management’s Vishal Khanduja, a top-performing bond investor, is turning bullish on US debt for the first time in a decade, with yields at two-decade highs serving as a check on economic growth. The $4.1 billion Eaton Vance Total Return Bond Fund, which Khanduja co-manages with Brian Ellis, boosted its duration — a measure of interest-rate risk — to 6.07 years as of June, above 5.8 years for the benchmark Bloomberg US Aggregate Bond Index. It marks the fund’s first duration overweight in more than a decade, said Khanduja, head of the broad markets fixed-income team.