Latest Research
PULSE - October 27, 2026
Treasurys Retake the Haven Bid as the Iran War Holds Brent Above $100, Tariff Politics Turn Defensive Before the Midterms, and the K-Shaped Argument Shifts From Diagnosis to Prescription
EXECUTIVE SUMMARY
- Financial media rewrote the safety trade this week, and duration won. Language placing investors in US Treasurys and naming Treasurys the haven of choice posted the two largest weekly gains among safety-asset signatures, while gold's framing as the preferred alternative deteriorated sharply and money-market framing fell back. The haven conversation broadened rather than contracted, pulling in the yen and Swiss franc, which indicates that commentators are presenting this episode as one calling for duration rather than liquidity.
