HeyJaredZeGoodTrader
20yr Credit Trader & Hedge Fund Macro PM 📚 ex-GS, UBS, BNP, I like to post research and help you navigate markets to get your P&L up 📈
- Indexed issues, last 90 days
- 5
- Latest publication
- Sep 28, 2026
- Audience
- Checking…
- Earliest in this view
- Jul 12, 2026
Latest issues
Your Index Now Yields Less Than France (opens the original)
Read excerpt
Ten-year Treasuries touched 5.18% this week. Thirties, 5.47%. Twenty-year highs. Bunds made fresh cycle highs out to ten years, rates volatility jumped everywhere, and two-year Treasury yields sold off fifteen basis points in a single Wednesday session — which is the market’s way of saying fine, we believe you about the hikes.European IG credit spreads responded by widening 3 basis points.That is the entire credit market’s answer to the biggest rates move in two decades. And yet euro IG total re
Credit: The Labels Came Unstuck From the Prices 🔁 (opens the original)
Read excerpt
Start with the weirdesttt number of all 🤯 AT1— the deeply subordinated instruments banks issue for regulatory capital, the ones that can skip coupons, may never be repaid, and sit first in line to absorb losses if the bank fails — have been 75% less volatile than high grade corporate bonds over the last ten days. lolNot 75% more. Less.<a class="image-link image2 is-viewable-img" href="https://substackcdn.com/image/fetch/$s_!BY2O!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-pos
🥊 Equity vs Credit: Momo-geddon Meets the €100 Billion Coupon Machine 🚩 (opens the original)
Read excerpt
Let me lay out July’s casualty list.🚨 Worst monthly performance on record for tech momentum trades — down 39% in the US, down 23% in Europe. The Korean market has given back essentially its entire second-quarter tech surge, down 39% since late June. The Nasdaq dipped into bear market territory. Oracle’s five-year CDS widened to 215bp, wider than where it traded at the depths of the 2008 financial crisis. And a euro-denominated AI-infrastructure bond issued only last month is already yielding nor
Credit Markets: Everyone Agrees. That’s the Problem... 📉 (opens the original)
Read excerpt
The most boring crisis everLet’s recap the first half like a trader, not a historian: a shooting war in the Gulf, the Strait of Hormuz effectively shut for four months, Brent up 33% at the peak, the ECB’s first hike since 2023, record gross supply. And euro IG spreads closed H1... one basis point wider. High yield: +16bp. The market stared down an energy crisis and shrugged.The shrug was earned. Two straight years of net rating upgrades. Q1 EBITDA growth of +6% y/y — the best print since 4Q22 —
The Strangest Chart in Macro: Oil Down 32%, Yields Up 🤯 (opens the original)
Read excerpt
Twenty years in credit and I’ve rarely seen a dislocation this clean: oil is down 32% since May 18, and global government bond yields are UP 5bp. Not flat. Up. After three months where oil mechanically dragged rates around, the two have fully divorced — most violently in the US, where the market is again toying with hike risk, but even Bunds and Gilts refuse to follow crude lower.Meanwhile, my market shrugged off a genuinely ugly macro week — Brent +$4.5, 10y Bunds +13bp, Eurostoxx -2.2% on rene
Publishing over time
Last 90 days. Choose a month to open its work.
Recurring subjects
Named in the text we hold. One piece can cover several.
Audience
No verified audience measurement yet.
About this data
Counts cover the work we have indexed. Tone needs enough text and a confident classification. Excerpts and episode notes are not full articles or transcripts.
Identity or attribution wrong? Suggest a correction.