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

German Labor Nugget: Will the Ukrainians play a role in German wage development?

CPI watch: 6 charts on a soft’ish inflation report

CPI Reaction Watch: Cementing a hike in November/December?

Steno Signals #67 – 150bps Higher 10yr Yields and Parity up Next in EURUSD?

Steno Signals #65 – The 4 things that worries me the most in global macro right now

Steno Signals #66: Buckle up for the energy crisis 2.0

Portfolio Watch: The wheels are coming off in Europe

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>A deal between the US/Israel and Saudi Arabia seems off the table after this weekend</li><li>Oil markets are physically tight still, but there are some signs of cracks in demand</li><li>Nat gas markets have started to rally, which is another issue for EUR, GBP and JPY markets</li></ul>

A deal between the US/Israel and Saudi Arabia seems off the table after this weekendOil markets are physically tight still, but there are some signs of cracks in demandNat gas markets have started to rally, which is another issue for EUR, GBP and JPY markets

iShares 20+ Year Treasury Bond ETF (TLT US)

Steno Signals #68: There is NOT enough buyers for bonds amidst all this