Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Money Watch: Have People Forgotten that Everything Is About Money? Also the Svb Case..

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>BTFP is a credit facility which enables bondholders to use their bond as collateral valued at par in turn for a loan.</li>
<li>The BTFP is hence an extremely generous version of the goold old discount window and not outright QE.</li>
<li>Both tools affect the market much the same way. Read below for a full detailed account </li>
</ul>


BTFP is a credit facility which enables bondholders to use their bond as collateral valued at par in turn for a loan.
The BTFP is hence an extremely generous version of the goold old discount window and not outright QE.
Both tools affect the market much the same way. Read below for a full detailed account 


Money Watch: Is the BTFP Just Another Form of QE?