Pillar · 3 lessons · newest first
Fixed Income.
Government and corporate bonds, credit spreads, and the yield curves that track central bank policy. Everything published under this pillar so far, using that week's real story as the walkthrough.
From Issue No. 17 · August 23RD, 2026 · Extra Credit Series
Inflation Expectations & the Pass-Through Math
A first round effect fades on its own, a second round effect feeds itself through wages and expectations. The three checkable questions, and the arithmetic behind how a price shock ages out of the twelve month comparison.
Read this lessonFrom Issue No. 16 · August 16TH, 2026 · Extra Credit Series
Duration & the 2s10s Spread
A bond's price and its yield sit on opposite ends of the same seesaw. What duration means for how hard a bond gets hit by a rate move, and what the 2022–2024 yield curve inversion actually looked like.
Read this lessonFrom Issue No. 07 · June 24TH, 2026
Yield Curves
What a yield curve actually shows, and why this week's flattening is the market's way of pricing in a stagflation squeeze.
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