Morgan Stanley Fixed-Morgan Stanley Global Macro Forum Re-Racking Views Across t...-107208811

MorganStanleyResearchGlobalMarch25,202409:34AMGMTMorganStanleyGlobalMacroForumMorganStanleydoesandseekstodobusinesswithcompaniescoveredinMorganStanleyResearch.Asaresult,investorsRe-RackingViewsAcrosstheCreditSpectrumshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofMorganStanleyResearch.March25,2024InvestorsshouldconsiderMorganStanleyResearchasonlyasinglefactorinmakingtheirinvestmentdecision.AndrewSheets–GlobalHeadofCorporateCreditResearchStrategistAronBecker–HeadofEuropeanCreditStrategyStrategistForanalystcertificationandotherimportantdisclosures,MORGANSTANLEY&CO.INTERNATIONALPLC+refertotheDisclosureSection,locatedattheendofthisreport.VishwasPatkar–HeadofUSCreditStrategyStrategistGavinZhu–HeadofUSCLOStrategyStrategist+=Analystsemployedbynon-U.S.affiliatesarenotregisteredwithFINRA,maynotbeSimonWaever–GlobalHeadofEMSovereignCreditandLatAmFixedIncomeStrategyStrategistassociatedpersonsofthememberandmaynotbesubjecttoFINRArestrictionsonMORGANSTANLEY&CO.LLCcommunicationswithasubjectcompany,publicappearancesandtradingsecuritiesheldbyaresearchanalystaccount.AndrewSheetsGlobalHeadofCorporateCreditResearchFindingValueinanExpensiveMarketFundamentalsandtechnicalsarebetterthanaverage.Valuationsshouldbetoo.USloans/CLOs,EURIG,CCCsandselectEMstillofferopportunity.Wherearecreditspreadsrelat...