Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. shares rise 1.01% intraday after Morgan Stanley's Vishy Tirupatur sees the steepener trade as the best opportunity in the Treasury market.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. rose 1.01% in intraday trading. The increase in stock price can be attributed to the positive outlook on the fixed income market, as Vishy Tirupatur, chief fixed income strategist at Morgan Stanley, sees the steepener trade as the best opportunity in the Treasury market. This bullish sentiment on fixed income investments likely influenced the stock's upward movement.