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US 10-yr4.99%▼0.01 Fed rate3.75–4.00%US inflation3.7%▲0.3 pt Brent oil$123.10▼3.92%USD/JPY156.87▼0.15%EUR/USD1.1199▼0.12%VIX17.52▼4.73%Dollar index121.32▼0.03%

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The Sunday note This week All mechanics

Mechanic 03 · 29 Oct 2026Who pays when oil hits $115?How an oil shock travels through the economy → Story · 28 Oct 2026Why did Brazil’s market crash 14%?Brazil’s stock market has its worst day since 2020 after Lula’s win → Mechanic 05 · 27 Oct 2026Why isn’t Japan bankrupt?How government debt grows or shrinks → Story · 26 Oct 2026One vote. A falling currency.Brazil’s currency slides after Lula wins a fourth term → Mechanic 06 · 26 Oct 2026Why do bonds rise when stocks crash?Why investors run to safety, and where they go → Story · 26 Oct 2026Firms: booming. Shoppers: gloomy.Britain’s two-speed economy: firms speed up while shoppers lose heart → Story · 25 Oct 2026Oil up. Growth down.Euro zone growth slows as energy costs climb → Story · 25 Oct 2026Japan’s inflation: not from oil.Japan’s core inflation rises above the 2% target again → Week ahead · 25 Oct 20263 central banks. 1 Budget. 3 days.The week ahead →

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