Morgan Stanley and JP Morgan are recommending that clients sell U.S. Treasuries, despite the fact that over the The yields on U.S. Treasuries last week hit a three-month low. the last 3 months. The banks are confident that their sell-off is not yet come to an end. According to JP Morgan, there is excessive optimism about rate hikes, based on too soft, according to the bank's analysts, outlook. Among the players in the prevails confidence that the Fed will not in the near winding down economic stimulus in the near future, and the program of purchases of Treasury and mortgage-backed securities will not be cut. However, a survey conducted by Bloomberg among economists, showed that the Fed could soon announce plans to to raise rates by 2023. The impetus for this could be a sharp The impetus for this could be a sharp rise in inflation, experts say. According to the assessment of the leading strategist of Morgan Stanley Gunit Dhingra, the decrease government bond yields after the publication of statistics on consumer prices in the United States demonstrates that players completely disregard inflation, considering it a temporary phenomenon.