Morgan Stanley Fixed-Global Macro Strategy Positions and Flows Report-109812623(1)

MORGANSTANLEYRESEARCHAugust12,2024InterestRateStrategyPositionsandFlowsReportWeeklyMarketPositioningDataCFTCNon-CommercialFuturesPositions(P.2)TICDataForeignFlows(P.16)(UpdatedfortheweekendingAugust06,2024,paramounts)(UpdatedforMay,paramounts)WeeklyChange:Totalfrontend:$0.0bnED:$5.4bnTU:-$0.1bnFV:-$1.6bnTotalbackend:-$12.3bnTY:-$3.8bnUXY:-$14.8bnUS:-$2.0bnWN:$4.5bnTradersinFinancialFutures(P.4)(UpdatedfortheweekendingAugust06,2024,paramounts)PFRPrimerP.18AssetManagers:Update:Puton$5.5bnofasteepenerposition.Increasedtheirnetlongs(%ofOI)tothehighestlevelinlastsixmonthsinUXYcontracts.ChartoftheWeek:LeveragedFunds:Update:Puton$14.2bnofasteepenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinsixmonthsinTYcontracts.Dealers:Update:Puton-$6.8bnofaflattenerposition.Increasedtheirnetshorts(%ofOI)tothehighestlevelinlastsixmonthsinUXYcontracts.OtherReportables:Update:Puton-$6.3bnofaflattenerposition.Increasedtheirnetlongs(%ofOI)tothehighestlevelinthelastsixmonthsinSOFRcontracts.PrimaryDealerPositions(P.12)(UpdatedforweekendingJuly31,2024,paramounts)WeeklyChange:<6y:+$4.8bn6-11y:-$2.0bn>11y:+$0.9bnSource:MorganStanleyResearch,CFTCAgencies:-$0.4bnMBS:-$1.7bnCorp:+$1.4bnTIPS:+$1.7bnLargeCommercialBankPositions(P.14)(UpdatedforweekendingJuly31,2024,paramounts)Weeklychange:Deposits:+$149.1bnUST/Agency:-$3.6bnMBS:+$...