How Much Longer Can This Cycle Run? w/ Andreas & Mikkel | Macro Mondays Oct. 5, 2026

Steno argues rising long bond yields no longer reliably signal recession, and Iran de-escalation plus China-US oil cooperation can extend the current rally.

• Bond yield regime shift: Andreas Steno argues the 1980-2020 yield-curve playbook (uninversion as recession precursor) no longer applies; Japan's Nikkei rallied even as 30-year JGB yields rose past 3%.
• 30-year Treasury hits 5%: Discussion triggered partly by an Andrew Tate viral post about buying 30-year bonds yielding 5% to live off $208,000/month in coupon income.

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