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Private Credit Primer - Part 1: Origin, Strategies, Players, and Bubbles
Investors often ask us: “What is private credit?” While the term “private credit” is used ubiquitously, we realized that most investors...
Sep 1, 2025


Stablecoins: Rewriting the U.S. Debt Playbook
Stablecoins enable the settlement of payments on a global scale in a fast and secure manner. The industry as a whole has issued US$250...
Aug 18, 2025


Fragile Demand for JGBs
What are JGBs? JGBs are akin to U.S. Treasuries (USTs) in Japan. They are issued monthly by the Japanese government, which is fully...
Aug 7, 2025


Unity Macro Analysis: July 2025
Unity Macro Analysis: July 2025 Interest rate is a key driver of our business at Unity. At present, the U.S. macroeconomic environment...
Jul 16, 2025


Private Credit’s $1.7 Trillion Dilemma
Moody’s recent warning about rising systemic risk in private credit—driven by surging retail inflows—touches on something fundamental:...
Jun 4, 2025


Treasury Yield Shifts amid U.S.-China Tension
The recent rise in U.S. Treasury yields is a reminder of just how intertwined our global systems are and how quickly change can unfold....
Jun 4, 2025
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