Archive

THE THIRD BOND MARKET

NY banned new data centers yesterday. The muni exposure nobody has mapped.

THE SHOCK TEST

WHAT FADED, WHAT DIDN'T

THE GRADIENT Summer Friday special — the hyperscaler CDS board, marked, converted, and ranked.

THE SHOCK TEST

Oil +5% on a war headline — and no safety bid for the long end

The AI Supply Machine

Risk-Off That Won't Rally the Long End

Tech wobble, Gulf oil risk — and the 30Y still can't get bid.

THE BOND BRO | THE SUNDAY SET-UP Week of July 6–10, 2026

Soft jobs, a crude collapse, and a long end that still won’t rally — the steepener the market keeps re-expressing.

Jobs Cooled, the Curve Steepened, and the Long End Wouldn't Follow