Morgan Stanley Fixed-Global Macro Strategy Positions and Flows Report-107741616

MORGANSTANLEYRESEARCHApril22,202412:44PMGMTMorganStanley&Co.LLCFrancescoGrechiStrategistFrancesco.Grechi@morganstanley.com+1212761-1005NorthApril22,2024AmericaaInterestRateStrategyAmericaPositionsandFlowsReportNorthWeeklyMarketPositioningDataCFTCNon-CommercialFuturesPositions(P.2)TICDataForeignFlows(P.16)(UpdatedfortheweekendingApril16,2024,paramounts)(UpdatedforFebruary,paramounts)WeeklyChange:FebruarysawnetinflowsintheTreasuries,ledbyprivateTotalfrontend:$14.5bninvestors.Caribbean(+$16.9bn)andChina(+$13.2bn)werethetopED:$0.0bnTU:$0.0bnFV:$2.4bnTreasurybuyersinFebruary.Canada(-$-28.8bn)andJapan(-$24.7Totalbackend:-$4.0bnbn)werethetopTreasurysellers.TY:$12.0bnTN:-$13.9bnUS:$9.8bnUL:$0.1bnPFRPrimerP.18TradersinFinancialFutures(P.4)(UpdatedfortheweekendingApril16,2024,paramounts)ChartoftheWeek:AssetManagers:AssetManagersincreasedtheirnetlongs(%ofOI)tothehighestlevelUpdate:Puton$27.5bnofasteepenerposition.IncreasedtheirinlastsixmonthsinTUcontracts.netlongs(%ofOI)tothehighestlevelinlastsixmonthsinTUcontracts.Source:MorganStanleyResearch,CFTCLeveragedFunds:Update:Puton-$75.2bnofaflattenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinsixmonthsinFVcontracts.Dealers:Update:Puton$45.1bnofasteepenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinlastsixmonthsinTYcontracts.OtherReportables:Update:P...