The US municipal bond market is currently "screamingly cheap" and extremely attractive for investors in high-tax states.

An investor buying a 2-year US Treasury note at current yields can withstand a 250 basis point sell-off before realizing a negative total return.

Vishal Kanduja's team at Morgan Stanley has shifted its investment focus from inflation breakevens to nominal bonds at the 7-year point of the yield curve.

Vishal Kanduja asserts that current mortgage rates have already priced in the equivalent of two Federal Reserve rate hikes.

Vishal Kanduja predicts that if the war in Ukraine ends and oil prices fall, the 10-year US Treasury yield would drop to approximately 4.25%.

Vishal Kanduja's team at Morgan Stanley is focusing on credit risk in the securitized market because they believe spreads in the corporate market do not adequately compensate for the risk.