Defense spending is reshaping bond markets
A practical framework to understand supply shocks, fiscal shifts, and what they mean for yields
Supply & issuance
How defense spending translates into net issuance, and why supply often drives yields more than narratives.
Expectations & pricing
When fiscal shifts actually move inflation expectations, and how markets price them into the curve.
A usable framework
A simple way to think about fiscal policy, supply, and term premia — without getting lost in theory.
Defense Bonds
A practical guide to understanding how geopolitics and government spending shape bond markets.Clear, concise, and built around the mechanics that actually move yields.
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