Fixed income research · published daily

Clarity in fixed income.

Independent research and a daily newsletter on rates, credit, and the macro forces moving bond markets — built for people who live and breathe duration.

What you get

Rates & the curve

Treasuries, swaps, and global govvies — duration, steepeners, and where the curve is mispriced.

Credit & spreads

IG and HY spread analysis, issuance, and the relative-value setups worth your risk.

Macro & policy

Central banks, inflation, and the data prints that move the front end.