Cross-Asset Spotlight | Global: Broadening Amid Crosscurrents

Research evidence excerpt

Cross-Asset Spotlight | Global: Broadening Amid Crosscurrents

Update

July 6, 2026 03:28 PM GMT

Morgan Stanley & Co. LLCMCross-Asset Spotlight | Global Serena W Tang

Strategist

Broadening Amid Crosscurrents Serena.Tang@morganstanley.comMorgan Stanley India Company Private Limited+ +1 212 761-3380

Soham Sen

Signals, Flows, & Key Data: A weekly summary of key cross-asset StrategistSoham.Sen1@morganstanley.com +91 22 6995-2014

monitors, data, moves, and models tracking sentiment, fund

Morgan Stanley & Co. International plc+

flows, and positioning. Last week, the S&P Equal-Weighted Index Erika J Singh-Cundy

reached a record high and US 1Y inflation swaps reached lows StrategistErika.Singh-Cundy@morganstanley.com +44 20 7425-0960

last seen in October 2024. Yimin Huang

Key highlights from last week: Yimin.Huang@morganstanley.com +44 20 7677-2870

• Extel Survey: If you’ve found our research useful, we’d appreciate your vote

for our team in the 2026 Extel Global Fixed Income Poll, especially in USA/

EMEA/Asia Cross-Asset Strategy categories. Thank you!

• The S&P Equal-Weighted Index reached a record high. Our US equity Recent Research:

strategists note that their broadening thesis continues to gain momentum as Cross-Asset Strategy: Global In the Flow – June

Semis underperform. Recap (1 Jul 2026)

• GBPUSD rose 1.1%, with our G10 FX strategists’ predictions of a dovish Fed Cross-Asset Brief: Does the Hawkish-Sounding

repricing outweighing the GBPs fiscal and political risk premium. FOMC Meeting Mean the Fed Will Hike Soon?

• US 1Y inflation swaps reached lows last seen in October 2024. Our US rates Key Debates in Under 5 Minutes – June 2026

strategists recommend buying 10y TIPS with payer protection. (30 Jun 2026)

• JGB 10Y yields rose 17 bps.