Back to Front Page18 AugustFX & RatesLeveraged funds' euro short hits a three-year extreme as the dollar keeps sliding
Hawk Thorne Research6 AugustFX & RatesLeveraged funds trim their 2-year Treasury short as the Fed path firms
Hawk Thorne Research30 JulyMacro & PolicyAuction supply, not the Fed, is what's keeping the 2-year yield this stretched
Hawk Thorne Research28 JulyMacro & PolicyIran's war premium drains out of crude while the 2-year yield stays put
Hawk Thorne Research24 JulyMacro & PolicyA 25.72% crude rally on Iran risk finds no echo in Treasury yields
Hawk Thorne Research23 JulyMacro & PolicyA $125.9bn issuance wave hits the tape before the 10-year auction even clears
Hawk Thorne Research20 JulyFX & RatesOne Treasury book, two convictions: shorts cover up front, deepen at the long end
Hawk Thorne Research17 JulyFX & RatesFading Fed cut bets can't lift the dollar past a still-crowded euro short
Hawk Thorne Research17 JulyMacro & PolicyDisinflation loses the vote to fiscal supply and a fresh WTI high
Hawk Thorne Research15 JulyMacro & PolicySoft PPI and a China growth miss outvote a US strike on Iran
Hawk Thorne Research14 JulyEquitiesIBM's 25% collapse confirms the miss, but the tape still calls it a one-off
Hawk Thorne Research14 JulyMacro & PolicyA cooler CPI print outlasts a live Hormuz blockade, but bonds aren't cheering
Hawk Thorne Research14 JulyMacro & PolicyA 3.8% CPI forecast collides with a bond market already betting against it
Hawk Thorne Research10 JulyMacro & PolicyJapan's PPI hits a 2026 high, but the tape isn't pricing it yet
Hawk Thorne Research5 JulyMacro & PolicyGold is pricing Fed cuts that the bond market has not yet agreed to
Hawk Thorne Research5 JulyMacro & PolicyThe supply tsunami is here, but the bond market isn't punishing it, and that's the real signal
Hawk Thorne Research2 JulyMacro & PolicyA 57,000 payroll miss just handed the supply-tsunami thesis its first real test, and it's failing on cue
Hawk Thorne Research2 JulyMacro & PolicyThe liquidity story just flipped, and risk assets haven't noticed yet
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