Morgan Stanley Fixed-Global Macro Strategy Positions and Flows Report-106844956

MORGANSTANLEYRESEARCHMarch4,202412:04PMGMTMorganStanley&Co.LLCFrancescoGrechiStrategistFrancesco.Grechi@morganstanley.com+1212761-1005NorthMarch4,2024AmericaaInterestRateStrategyAmericaPositionsandFlowsReportNorthWeeklyMarketPositioningDataCFTCNon-CommercialFuturesPositions(P.2)TICDataForeignFlows(P.16)(UpdatedfortheweekendingFebruary27,2024,paramounts)(UpdatedforDecember,paramounts)WeeklyChange:DecembersawnetinflowsintheEquities,ledbyprivateTotalfrontend:$20.8bninvestors.Japan(+$16.6bn)andFrance(+$5.8bn)werethetopED:$5.2bnTU:$8.2bnFV:$2.1bnTreasurybuyersinDecember.HongKong(-$-15.9bn)andCanada(-Totalbackend:$14.5bn$10.8bn)werethetopTreasurysellers.TY:$5.3bnTN:$0.6bnUS:$13.6bnUL:$0.3bnPFRPrimerP.18TradersinFinancialFutures(P.4)(UpdatedfortheweekendingFebruary27,2024,paramounts)ChartoftheWeek:AssetManagers:AssetManagersincreasedtheirnetshorts(%ofOI)tothehighestlevelUpdate:Puton$33.5bnofasteepenerposition.IncreasedtheirinlastsixmonthsinSOFRcontracts.netshorts(%ofOI)tothehighestlevelinlastsixmonthsinSOFRcontracts.Source:MorganStanleyResearch,CFTCLeveragedFunds:Update:Puton-$43.1bnofaflattenerposition.Increasedtheirnetshorts(%ofOI)tothelowestlevelinsixmonthsinTNcontracts.Dealers:Update:Puton$9.0bnofasteepenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinlastsixmonthsinULcontracts.OtherReportables:Updat...