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  "authorName": "Morgan Stanley",
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  "notes": "The slide uses a matrix-style visualization to show conviction levels (underweight to overweight) for different bond and credit categories.",
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      "text": "We remain underweight duration in the U.S. with 10Y yields at ~4.5%, given our view that the near-term balance of risks continues to skew higher with recession risk low, but inflation risk a relevant focus.",
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      "text": "Current allocation, Change from previous, High conviction underweight, Underweight, Neutral, Overweight, High conviction overweight",
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