Carry
Chart No. 212
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Anatomy of an issue · Example: No. 212
Same anatomy, every Sunday. Readable in four seconds.
Carry is not a market wrap. Each Sunday you get one chart, the one idea it proves and the reasoning behind it. Here is the anatomy of one issue.
Chart No. 212 · US high yield spreads, 2007–2026
11 Oct 2026
Source: illustrative data based on public high-yield index spreads.
1
The chart
One chart, drawn from public data and sourced underneath. If it needs a second chart, it is a different issue.
2
The idea
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The read
1,200 words. Six minutes. No jargon you would need to look up, and no forecast we can't check later.
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The data
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Most market commentary is noise. Carry is the one chart you’ll still remember on Monday.
Nadia Brennan · Founder
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Chart No. 213 · What the two-year yield knows first
One chart, one idea. This week: the front end of the curve, and the chart that explains why it moves before the Fed does.
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