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

The Fed & Global Liquidity After SVB: Climate Change!

Bond Market Monitor: A Contempt Against Depositors

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>Positioning and flows were very volatile last week due to the stress around SVB</li>
<li>Bond buyers were back, while USD selling was seen, but neither in any big size</li>
<li>Equity flows were actually positive until Friday and positioning remains short</li>
</ul>


Positioning and flows were very volatile last week due to the stress around SVB
Bond buyers were back, while USD selling was seen, but neither in any big size
Equity flows were actually positive until Friday and positioning remains short


Positioning Watch: How Big Were the SVB Flows?