Morgan Stanley analysts have warned that the G10 money market may be underestimating “tail risk” — a rare event with significant impact. Low volatility reduces safe-haven costs and gives a false sense of security, while uncertainty about geopolitics and central bank policies persists. Investors are expected to remain cautious until the trend becomes clear.

Morgan Stanley analysts have warned that the G10 money market may be underestimating “tail risk” — a rare event with significant impact. Low volatility reduces safe-haven costs and gives a false sense of security, while uncertainty about geopolitics and central bank policies persists. Investors are expected to remain cautious until the trend becomes clear.