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Policy

5 Reports
PolicyJuly 2026
The EU's Russian Gas Phase-Out: Can Europe End Its Reliance Without Disrupting Energy Markets?

The European Union's decision to phase out Russian gas imports marks one of its most consequential energy policy decisions since Russia's full-scale invasion of Ukraine.

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PolicyMay 2026
What the Trump-Xi Summit Revealed About the Future of Globalization

Strategic industries and managing long-term competition (Washington Post, 2026). That shift signals a broader move away from the earlier era of globalization, where trade liberalization itself was viewed as a stabilizing force.

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PolicyMay 2026
Spill the tea oil: A Short History of Chinese Investments in Venezuela

The capture of Nicolas Maduro, the former leader of Venezuela, by American Special Forces on January 3rd, 2026, is well-known.

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PolicyJune 2026
The 2026 USMCA Review: Can North America Stay Competitive?

The 2026 USMCA review is being framed as a routine procedural requirement, but it is increasingly becoming a test of North America’s economic competitiveness.

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PolicyMay 2026
The Illusion of Energy Security: A Critique of the UK Government’s Energy Policy

The current UK government’s energy policy is built around a rapid transition to a cleaner, more domestically produced energy system.

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Fixed Income

4 Reports
Fixed IncomeJune 2026
The Winds of Change: Pricing El Niño Into Colombia's Inflation-Linked Curve

Since late 2025, El Niño has been an increasingly dominant force in global economic discussions.

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Fixed IncomeMay 2026
A Shift From Fear: The Quiet Repricing

Despite gold reaching a record high during the Iran crisis, its recent pullback despite steady inflation underscores how gold is more of a hedge against fears of inflation rather than a direct inflation hedge.

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Fixed IncomeMay 2026
From Stillness to Yield War: Japan's Bond Market Rebellion

Japan spent decades trying to create inflation while fighting severe deflationary pressures. Now, it faces a fundamental dilemma, and as one of the world's largest creditors, global bond markets are beginning to feel it.

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Fixed IncomeMay 2026
NTN-B 2035: Brazil's Iran-Driven Inflation Dilemma

As of May 2026, Brazil's inflation-indexed government bonds, Notas do Tesouro Nacional – Série B (NTN-B), are offering some of the highest real yields in global fixed-income markets.

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FX

2 Reports
FXJune 2026
The Dollar's Big Comeback

The Dollar Index has pushed back above 100 and reached roughly 101.7 this week, its highest level since early 2025 and its strongest run in more than a month.

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FXMay 2026
Japan Returns to FX: A Verbal Warning Becomes a $34.5 Billion Operation

USD/JPY printed 160.7 on the morning of April 30, breaking through a level that Japanese authorities had spent months treating as a political red line.

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Cross-Asset Management

1 Report
Cross-Asset ManagementJuly 2026
“The Safe Haven Divorce” - When Bitcoin Stopped Being the New Gold

Bitcoin was supposed to be a hedge. Against Inflation, against currency debasement, and especially against the systemic fragility of traditional finance.

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