Banking turmoil could be revived if credit conditions keep tightening and the Fed stays hawkish, Morgan Stanley's chief bond strategist says

• Morgan Stanley's chief fixed income strategist says banking sector turmoil isn't over. 
• Vishy Tirupattur cites tightening credit conditions and the Fed's rate hikes as potential risks.
• "There is still a lot of residual tension related to liquidity within the banking system," he told Bloomberg.

Vishy Tirupattur, the chief fixed income strategist at Morgan Stanley, says that turmoil within the global banking sector isn't in the rearview mirror just yet. 

Tightening credit conditions and the US central bank's interest rate hikes could pose more issues for the banking system, the bond chief told Bloomberg on Tuesday.