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

Steno Signals #190 – Is Europe and China still the havens in macro? Not so fast..

Steno Signals #191: Meowing at Robots Ahead of Liberation Day!

Steno Signals #192 – A March 2020 style reset. Is this a liquidity event?

Steno Signals #188 – The Inflation Cry Wolf or a Big Wave in the Making!?

Steno Signals #187 – Remember August & September 2024? Tariffs are to blame

Steno Signals #186 – The year of the weak USD is upon us

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Happy Monday from Copenhagen! We have a six-month stopgap funding deal in place in the U.S. until September, but no new debt ceiling legislation.</li><li>So, despite a shutdown being avoided, we are not yet talking about a new mountain of debt.</li><li>This is why I think the late-Friday reaction in bond yields was somewhat overdone.</li></ul>

Happy Monday from Copenhagen! We have a six-month stopgap funding deal in place in the U.S. until September, but no new debt ceiling legislation.So, despite a shutdown being avoided, we are not yet talking about a new mountain of debt.This is why I think the late-Friday reaction in bond yields was somewhat overdone.

Steno Signals #189 – The Perception Vs. Reality of Inflation: A Growing Divide

United States

Steno Signals #189 – The Perception Vs. Reality of Inflation: A Growing Divide