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

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul>
<li>The risk of a severe change of policy in Japan remains clearly underpriced after Kazuo Ueda has officially been announced as the next BoJ governor</li>
<li>Traders and investors are still disliking the Yen amid higher inflation, pressure on JGB yields and global turmoil</li>
<li>US and French fixed income markets seem more vulnerable to a permanent turn-around of flows</li>
</ul>


The risk of a severe change of policy in Japan remains clearly underpriced after Kazuo Ueda has officially been announced as the next BoJ governor
Traders and investors are still disliking the Yen amid higher inflation, pressure on JGB yields and global turmoil
US and French fixed income markets seem more vulnerable to a permanent turn-around of flows


Japan Watch - The YCC Time Bomb for Western Fixed Income