02 · CANONICAL RESEARCH DESK
Macro & Real Assets
US 10Y · BUNDS · JGBs · TIPS · INFRASTRUCTURE TRUSTS
The end of artificial financial repression. Sovereign debt issuance is overwhelming central bank balance sheets, forcing long-term bond yields into a structural repricing regime.
LINKED SOVEREIGN PORTFOLIOS:
DEBT CRUSHES DOLLAR · GOLD DETHRONES TREASURIES · PRIVATE CREDIT CRACKS
LIVE MARKET STORIES & BIG MONEY FLOWS
MACRO PLAY · SOVEREIGN DEBT
US Treasury Term Premium Resurgence
Fiscal deficit impulses require foreign private capital absorption at yields that compete directly with high-grade corporate capital commitments.
MACRO PLAY · REAL ASSETS
Data Center Hyperscale Ground Leases
Utility-interconnected land assets commanding unprecedented capitalization rate premia as power interconnection bottlenecks delay new capacity.