All issues

Jul 23, 2026 morning-brief

Oil is doing the tightening the Fed isn't.

10Y at 4.63%. Today's setup in rates, credit, and deals.

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Jul 22, 2026 morning-brief

Oil is the marginal buyer of your cap rate.

10Y at 4.60%. Today's setup in rates, credit, and deals.

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Jul 21, 2026 morning-brief

Canada gets tariffed. Canadian capital buys America anyway.

10Y at 4.55%. Today's setup in rates, credit, and deals.

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Jul 20, 2026 morning-brief

The long end will not cooperate. Deploy anyway.

10Y at 4.57%. Today's setup in rates, credit, and deals.

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Jul 17, 2026 morning-brief

The long end is the story. Industrial and AI are still buying.

10Y at 4.55%. Today's setup in rates, credit, and deals.

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Jul 16, 2026 morning-brief

The data center trade is going public. The backlash is going local.

10Y at 4.55%. Today's setup in rates, credit, and deals.

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Jul 16, 2026 morning-brief

Data centers are the whole trade. Everything else is noise.

10Y at 4.55%. Today's setup in rates, credit, and deals.

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Jul 15, 2026 morning-brief

Hormuz burns. The long end pays for it.

10Y at 4.62%. Today's setup in rates, credit, and deals.

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Jul 14, 2026 morning-brief

Oil is doing the tightening the Fed won’t.

10Y at 4.56%. Today's setup in rates, credit, and deals.

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Jul 13, 2026 morning-brief

Hormuz is closed. The long end isn't buying the rally.

10Y at 4.54%. Today's setup in rates, credit, and deals.

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Jul 10, 2026 morning-brief

The 10Y is not coming back to save the refi wall.

10Y at 4.56%. Today's setup in rates, credit, and deals.

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Jul 9, 2026 morning-brief

The long end is doing the talking. The Fed isn't.

10Y at 4.55%. Today's setup in rates, credit, and deals.

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