Morgan Stanley Fixed-Global Macro Strategy Positions and Flows Report-108732696

MORGANSTANLEYRESEARCHJune17,2024InterestRateStrategyPositionsandFlowsReportWeeklyMarketPositioningDataCFTCNon-CommercialFuturesPositions(P.2)TICDataForeignFlows(P.16)(UpdatedfortheweekendingJune11,2024,paramounts)(UpdatedforMarch,paramounts)WeeklyChange:Totalfrontend:$8.1bnED:-$3.1bnTU:-$4.8bnFV:$4.0bnTotalbackend:$1.6bnTY:$12.0bnTN:$2.7bnUS:$0.6bnUL:-$1.7bnTradersinFinancialFutures(P.4)(UpdatedfortheweekendingJune11,2024,paramounts)PFRPrimerP.18AssetManagers:Update:Puton$22.2bnofasteepenerposition.Increasedtheirnetlongs(%ofOI)tothehighestlevelinlastsixmonthsinFVcontracts.ChartoftheWeek:LeveragedFunds:Update:Puton-$22.7bnofaflattenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinsixmonthsinSOFRcontracts.Dealers:Update:Puton$2.8bnofasteepenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinlastthreemonthsinFVcontracts.OtherReportables:Update:Puton-$0.9bnofaflattenerposition.Increasedtheirnetlongs(%ofOI)tothehighestlevelinsixmonthsinTUcontracts.PrimaryDealerPositions(P.12)(UpdatedforweekendingJune05,2024,paramounts)WeeklyChange:<6y:+$13.9bn6-11y:-$3.5bn>11y:+$1.8bnSource:MorganStanleyResearch,CFTCAgencies:-$0.5bnMBS:+$6.0bnCorp:+$4.7bnTIPS:+$2.0bnLargeCommercialBankPositions(P.14)(UpdatedforweekendingJune05,2024,paramounts)Weeklychange:Deposits:+$30.1bnUST/Agency:+$8.8bnMBS:+$12.7bnC&ILoans:...