Morgan Stanley Fixed-Global Macro Strategy Positions and Flows Report-108958834

MORGANSTANLEYRESEARCHJuly1,202402:00PMGMTMorganStanley&Co.LLCFrancescoGrechiStrategistFrancesco.Grechi@morganstanley.com+1212761-1005NorthJuly1,2024AmericaaInterestRateStrategyAmericaPositionsandFlowsReportNorthWeeklyMarketPositioningDataCFTCNon-CommercialFuturesPositions(P.2)TICDataForeignFlows(P.16)(UpdatedfortheweekendingJune25,2024,paramounts)(UpdatedforApril,paramounts)WeeklyChange:AprilsawnetinflowsintheEquities,ledbyprivateinvestors.CanadaTotalfrontend:$2.3bn(+$20.3bn)andNorway(+$8.8bn)werethetopTreasurybuyersinED:$0.1bnTU:$0.1bnFV:-$1.7bnApril.China(-$-23.9bn)andHongKong(-$18.9bn)werethetopTotalbackend:-$3.0bnTreasurysellers.TY:$3.8bnTN:$1.4bnUS:-$2.9bnUL:-$1.6bnPFRPrimerP.18TradersinFinancialFutures(P.4)(UpdatedfortheweekendingJune25,2024,paramounts)ChartoftheWeek:AssetManagers:AssetManagersincreasedtheirnetlongs(%ofOI)tothehighestlevelUpdate:Puton-$2.8bnofaflattenerposition.IncreasedtheirinlastsixmonthsinTUcontracts.netlongs(%ofOI)tothehighestlevelinlastsixmonthsinTUcontracts.Source:MorganStanleyResearch,CFTCLeveragedFunds:Update:Puton$0.0bnofasteepenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinsixmonthsinTUcontracts.Dealers:Update:Puton$2.9bnofasteepenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinlastsixmonthsinTNcontracts.OtherReportables:Update:Puton$7.4bnofasteepener...