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

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>When the TGA is built up due to T-bills issuance, the ON RRP usage drops</li>
<li>Net/Net it meanas that USD liquidity keeps printing at more benign levels than anticipated by many</li>
<li>The USD liquidity additions will continue throughout February and March</li>
</ul>


When the TGA is built up due to T-bills issuance, the ON RRP usage drops
Net/Net it meanas that USD liquidity keeps printing at more benign levels than anticipated by many
The USD liquidity additions will continue throughout February and March


Steno Signals: The Usd Liquidity Cushion Is Alive and Well