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

Out of the Box #22: Higher for Longer, Yes. But Not What You Expect

Out of the Box #23: Why the Treasury undershoots actual issuance needs

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul>
<li>In our “out of the box” series, we aim at being ahead of the current consensus narrative and think of the next theme that could drive price action before anyone else has given it any noteworthy attention.</li>
<li>This week we look at the insolvent G10 central banks and how to deal with them.</li>
<li><span style="font-weight: 400;">It is probably not a newsworthy conclusion to central bank aficionados, but the big question is whether it matters and potentially WHEN it matters. </span></li>
</ul>


In our “out of the box” series, we aim at being ahead of the current consensus narrative and think of the next theme that could drive price action before anyone else has given it any noteworthy attention.
This week we look at the insolvent G10 central banks and how to deal with them.
It is probably not a newsworthy conclusion to central bank aficionados, but the big question is whether it matters and potentially WHEN it matters. 


Out of the Box: Central Banks Are Insolvent. How Do We Deal with It?