Morgan Stanley Fixed-Global Macro Commentary February 29-106777574

MMarch1,202412:03AMGMTMorganStanley&Co.LLCUpdateGlobalMacroCommentaryGlobalMartinWTobias,CFA+1212761-6076+1212761-0407February29Strategist+1212761-4703Martin.Tobias@morganstanley.com+1212761-2779BoJ'sTakatasays2%targetiswithinsight;JPYexhibitsbroad+44207425-1877strengthagainstpeers;USTrallycommencesamidcontinuingZoeKStrauss+8136836-8428claimsuptick;Europeanratesendricher;CLPadvanceson+8523963-0303strongretailsales;MYRgainsoninterventioncomments;DXYatStrategist104.13(+0.2%);US10yat4.250%(-1.4bp).Zoe.Strauss@morganstanley.com•BoJBoardMemberTakatabelievesthe2%pricestabilitytargetisEliPCarterfinallywithinsightandtheBoJneedstoconsiderflexibleandnimblestepsforwithdrawalofultraeasingmeasures.StrategistEli.Carter@morganstanley.com•JPYexhibitsbroadstrengthagainstallG10peers.USD/JPYslidesaslowas149.20,beforemonth-end-relateddemandsupportsUSDwithLenoyDujonthepairclosing0.5%lower,at149.98.US/CanadaEconomist•USdurationlossesceasealongsidein-linePCEinflationdataandaLenoy.Dujon@morganstanley.comriseincontinuingclaimsto1905k(C:1875k),thehighestsincemid-November;month-endactivitykeepsthelongendsupported.MorganStanley&Co.Internationalplc+•DespitestrengthacrossseveralnationalEuropeanCPIreadings,Marie-AnaisCFrancoisEuropeandurationturnsricher,ledbythelong-end,alongsideUSTreasuries.StrategistMarie-Anais.Francois@morganstanley...