Morgan Stanley Fixed-Global Macro Commentary April 19-107709800

MApril20,202412:24AMGMTUpdateGlobalMacroCommentaryGlobalMorganStanley&Co.LLC+1212761-6076+44207425-9781April19MartinWTobias,CFA+1212761-4703Geopoliticsleadtowideranges;10yTsyyieldsbreach4.50%;Strategist+44207425-1877Brentclimbsabove$90/bbl,endslittlechanged;Nasdaq100Martin.Tobias@morganstanley.comhasworstlosssinceOctober;BoE'sRamsdencitesdownside+8136836-8428inflationrisks,Giltsrally,GBPlags;MXNhasvolatilesession;MorganStanley&Co.Internationalplc++8523963-0303DXYat106.12(-0.0%);US10yat4.621%(-1.2bp).DominicJKrummenacher•Overnightescalationingeopoliticaltensionsleadstowideintra-sessionranges;10yTreasuryyieldsfallbelow4.50%butretraceStrategisthigherandcloseroughlyflatd/daftertensionsease.Dominic.Krummenacher@morganstanley.com•Brentcrudeoilfuturespricesclimbabove$90/bblovernightbutMorganStanley&Co.LLCgraduallytrendlowerthroughoutthesessiontosettleonly0.2%higherat$87.29/bbl.EliPCarter•Arisk-offtoneandconsiderablereservedrainweighonriskappetite,StrategistandtheNasdaq100(-2.05%)postsitslargestsinglesessionlossEli.Carter@morganstanley.comsinceOctober,aheadofabusyweekof1Q24earnings.MorganStanley&Co.Internationalplc+•BankofEnglandDeputyGovernorRamsdenpointstodownsiderisksforinflationinapossiblesignthathemaysupportalessMarie-AnaisCFrancoisrestrictivestanceofpolicy.Strategist•GBP(-0.5%)exhibitsbroadlossesagainstG10...