Mish/ Mike Shedlock – Morgan Stanley Bonds Trade At Junk Pricing, Downgrades Coming; Will Morgan Stanley Survice? Top 5 Banks Collectively Have 45:1 Leverage – 2 June 2012

Morgan Stanley’s corporate borrowing costs are already way higher than Goldman Sachs and more downgrades are likely in the works.
The Fiscal Times explains How Morgan Stanley sank to junk pricing

The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank’s higher borrowing costs could already be putting it at a disadvantage even before an expected ratings downgrade this month.