The SEC's 10-Q To 10-S Proposal
The Securities and Exchange Commission proposed in Release
Crash Stocks To Save Bonds: The Doctrine Bessent Won't Name
The Treasury's real reaction function is not GDP or unemployment. It is the term premium on the 10-year. If long yields spike into an auction cycle, the administration will tolerate equity drawdowns rather than let the bond market break.
The Appliance Mandate Rescission
On 7/2/2026, the U.S. Department of Energy issued a Notice of
The Godzilla Margin Call: Why Japan Owns The US Bond Market Now
Japan is not a passive holder of US Treasuries. Japan is the marginal setter of long-end yields, and the reverse carry trade unwind is a forced-selling mechanism that policymakers cannot stop with rate cuts or QE.
Deregulation In Motion: The 702-Rule Rollback
On 7/3/2026, the White House announced a plan to eliminate up to 702
The World's Cheapest Money Just Got More Expensive
Matthew Tuttle on the Yen carry trade after Japan's policy rate hit 1% -- cross-posted from The H.E.A.T. Formula.
The 11% Yield That Lends To The Companies Building The AI Era
Hercules Capital pays $0.47 a quarter from a 12.8% yielding book of venture loans to software and biotech startups, with 0.1% non-accruals and a 43% premium to net asset value
Buying AI's Landlords At A Fair Price, With An 81% Asterisk
Nuveen's renamed real estate income fund pays close to 8.9%, owns roughly 8% in the data center REITs powering the AI buildout, and funds four fifths of that payout with return of capital
A 12.4% Yield The IRS Cannot Touch, With A 13-Year Duration Attached
Nuveen's AMT-free muni fund pays 7.14% tax-free, which is worth roughly 12.4% pre-tax to a top-bracket investor, but 41% leverage and a 13.2-year duration made it lose 23% in 2022
The AI Buildout Needs Gas, And This 7.35% Yielder Owns The Pipes
Kayne Anderson Energy Infrastructure Fund (KYN) just raised its monthly distribution 5.9% and holds 33 midstream names at a 11.14% discount. The tailwind is real, but 0.5x NII coverage and 25% leverage mean the energy cycle has to keep cooperating.
Rescheduled to Today at 12 PM ET, The Agriculture Allocation Nobody's Crowded Into
The Teucrium agriculture webinar with Jake Hanley moved to today, Friday August 14 at 12:00 PM ET. Same Zoom link. Free 1 hour CFP CE credit approved.
The Allocation No One Talks About, and Why Today's WASDE Just Made It Impossible to Ignore
Agriculture ETFs are 0.01 percent of all ETF AUM. Yesterday's WASDE cut US wheat stocks 22 percent YoY. Live today at 2 PM ET with Jake Hanley of Teucrium. CFP CE credit included.