Jonathan H. Todd[CFA]
CFA charterholder with 15+ years analyzing US macro mechanics, rate markets, and factor regimes — building institutional financial and intelligence tools with modern AI.
Covering real-time Federal Reserve policy, money market plumbing, and sovereign debt dynamics at FactSet / StreetAccount. When not dissecting the Treasury curve or prompt architecture, usually found exploring Paris or reading economic history.
About & Credentials
Market intelligence, AI-driven analytics, and pipelines.
CFA Charterholder
CFA Institute
Academic Background
Focus Areas
Professional Background
Macro News Analysis & AI Utility (Principal / Senior)
2017 – Present- Headlining real-time institutional coverage of Federal Reserve policy, US Treasury curve plumbing, labor indicators, and economic releases.
- Engineering logic, prompt architecture, and data pipelines for cross-functional AI utilities transforming live market feeds into institutional intelligence.
- Synthesizing market-moving events for asset managers, sovereign desks, and global corporate treasuries.
Senior Marketing Data Analyst
2015 – 2017- Spearheaded quantitative data journalism and economic research using large-scale federal and consumer datasets.
- Authored data-driven features achieving widespread pickup across national financial media outlets.
CDO Analyst
2007 – 2010- Managed 9 institutional investor portfolios totaling over $2.28B in structured credit and collateralized debt obligations.
- Modeled fixed income waterfall cash flows, covenant tests, and stress scenarios through the 2008 financial crisis.
Featured Research
Curated analyses covering policy plumbing, AI debt issuance, yield curve dynamics, and factor dispersion published via The Macro Desk.
The Macro DeskOct 14, 2026The one-trick economy: Cembalest’s 42-stock mirage and the real capital divide
Why Michael Cembalest's 42-stock concentration data isn't a 1999 bubble—it's a capital sorting machine that ends when grid bottlenecks cool benchmark rates.
The Macro DeskOct 10, 2026AI can afford 8% money. Uncle Sam cannot.
High single-digit coupons on AI is resetting the global price of capital and leaving the rest of the bond market to pick up the tab.
The Macro DeskOct 4, 2026The GPU monoline: How $3T in off-balance-sheet AI debt is rewriting Big Tech credit
Amazon's $8B SPV and Broadcom's $60B debt package reveal the AI buildout has outgrown retained earnings. Why the real risk isn't a 2008-style bust, but a structural blow-out in credit dispersion.
The Macro DeskSep 29, 2026The diversification illusion: 45% of the S&P 500 now has negative beta - and the index hedge is broken
Roughly 45% of S&P 500 stocks now move inversely to the index. Why cap-weighted tech skews the market like MLB payrolls, and why index hedging is broken.
The Macro DeskSep 28, 2026The debasement trade didn't die, it changed hands
Bonds no longer hedge equities, real yields touched 17Y highs, and bullion is quietly replacing Treasuries as the world's primary reserve asset
The Macro DeskAug 28, 2026What's behind higher yields? It depends on who you ask
Though, spoiler alert, Druckenmiller is right and Miran is wrong
Interactive Macro Analytics Engine
Seamlessly integrated with macro.jonathanhtodd.com. Access real-time quantitative trackers, Fed liquidity gauges, and proprietary fixed income frameworks designed for institutional workflows.
Treasury Curve Decomposition
Deconstruct yields into expectation components and ACM term premia estimates.
Fed Balance Sheet & Reserves
High-frequency tracking of RRP depletion, TGA balance, and SOFR pressure.
Valuation & Factor Regimes
Cross-sectional equity dispersion and real yield discount sensitivity monitors.