Macro Regime Watch: An In-Depth Look at Regime Trends Across Major Markets
Welcome back to Macro Regime Watch, where we dive into our nowcasting models to analyze Growth, Inflation, and Liquidity trends. Over recent...
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Flash Macro Watch: The Fed has abandoned its 2% target
Following another reasonably hot U.S. CPI report yesterday, it’s time to dust off the old sell-side charlatan chart comparing today’s inflation to...
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Steno Signals #126: Disentangling the ECB Schnabel Speech – How Will QT Develop from Here?
We’re at a critical juncture in sovereign bond markets, with liquidity running razor-thin and the game changing fast. German Bunds, traditionally...
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Steno Signals #125: EUR Liquidity Overtakes USD Liquidity – A Historic Shift
Happy Sunday from Copenhagen. Bear with me this week through this long read as we approach an extremely interesting crossroads in sovereign bond...
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Germany on the Brink: Political Chaos, Economic Stagnation, and European Swap Spreads
Another election on the horizon… in Germany? Let’s unpack what’s brewing and driving the move in Bunds. Chancellor Scholz dismissed Finance...
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