Morgan Stanley Advises: Board the Ark, Lads

In the event of a BREXIT, the world would blow up in a plume of black smoke. In that eventuality, all those not on the ark shall perish. The good folks over at Morgan are trying to do God’s work. You should let them.

“We suggest investors remain long duration across developed rate markets into the EU referendum,” Morgan Stanley analysts including Matthew Hornbach, the head of global interest-rate strategy in New York, wrote in a June 17 report. “Rates would fall much further on a vote to Leave than they would rise on a vote to Remain.”