Morgan Stanley Fixed-Global Macro Commentary February 9-106449576

MFebruary10,202412:14AMGMTUpdateGlobalMacroCommentaryGlobalMorganStanley&Co.LLC+1212761-6076+44207425-9781February9MartinWTobias,CFA+1212761-4703AnnualUSCPIrevisionsunderwhelm,USTsendmildlycheaper;Strategist+1212761-2779MexicoTIIErallycontinues;NOKgainsextendinrisk-onMartin.Tobias@morganstanley.com+44207425-1877environment;THBweakensoncutprospects;Europeanrates+8136836-8428bear-flatten;Fed'sLogansaysQThasbeengoing"veryMorganStanley&Co.Internationalplc++8522239-7983smoothly";DXYat104.08(-0.1%);US10yat4.175%(+2.1bp).DominicJKrummenacher•USTsfluctuatearoundthereleaseofannualUSCPIrevisions,buteventuallymildlybear-flattendespiterevisionsthatconfirmrecentStrategistprogressoninflation.Dominic.Krummenacher@morganstanley.com•TIIEsweretheexceptiontoasell-offinLatAmrates,inacontinuationMorganStanley&Co.LLCofthepost-Banxicorally.EliPCarter•NOK(+0.6%)gainsextend,afterslightlystronger-than-expectedJanuaryCPIdata,alongsidearallyinequitiesandariseinBrentcrudeStrategistoil.Eli.Carter@morganstanley.com•THB(-0.3%)depreciatesto35.92againstUSD,aftertheBoTLenoyDujonAssistantGovernorsaysthecentralbankispreparedtolowerratesifitiscertaintheeconomicdownturnislong-lasting.US/CanadaEconomistLenoy.Dujon@morganstanley.com•Europeanratesbear-flatten,withslightperipheralunderperformance.MorganStanley&Co.Internationalplc+•DallasFedPresi...