Global Macro Strategist：Risk Reversals
Morgan Stanley·2024-08-13 09:14
August 9, 2024 11:24 PM GMT Risk Reversals Better-than-expected US data saved global risk markets from a continued deleveraging.The rebound in risk sentiment reversed some of the repricing in central bank policies, yield curves, and exchange rates, but not all. We continue to advise a defensive stance and staying with UST curve steepeners. Global Macro Strategy We discuss the next few weeks and events on which investors should focus. We also discuss the implications of the US general election on the US doll ...