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

Elias Lisberg Glistrup

Cross Asset Strategy

<ul>
<li>Some much-needed bids provided relief to the bedrock treasury market last week, and yields eased off a bit.</li>
<li>The relief was short-lived though, and this week’s yields continue its climb.</li>
<li>But, is now a golden opportunity for buying bonds, or is the cocktail of vast issuance, some CBs unwinding their holdings, and still poor appetite bound to send yields even higher?</li>
</ul>


Some much-needed bids provided relief to the bedrock treasury market last week, and yields eased off a bit.
The relief was short-lived though, and this week’s yields continue its climb.
But, is now a golden opportunity for buying bonds, or is the cocktail of vast issuance, some CBs unwinding their holdings, and still poor appetite bound to send yields even higher?


US Treasury Watch: An opportunity of a decade or still the pain trade?