The weekly note

Everything we have published

The archive is the argument. Each issue follows the same sections in the same order, every figure carries its source and its retrieval date, and nothing has been edited after the fact.

9issues in the archive
5languages published
Weeklycadence set per publication
0figures without a source

The archive

Full issues, exactly as they were sent. Each language is a complete issue rather than a translated summary, and the terms of art are held identical across all of them.

RegWatch 01China Cross-Border Regulatory Watch, the offshore trust regime6 August 2026 · MOF and STA Announcement 2026 No. 21 · format specimenEnglish
(special)The statements do not contain the whole denominator19 August 2026 · AI capex, NVIDIA and TSMCEnglish
Issue 15HY OAS at 2.73 percent, eight basis points tighter on the week5 August 2026English
Issue 14HY OAS at 2.81 percent, credit has yet to price any of this28 July 2026EnglishDeutschFrançais中文
Issue 12HY OAS at 2.69 percent, public credit is still asleep14 July 2026EnglishDeutschFrançais中文日本語
Issue 11HY OAS at 2.76 percent, credit is still asleep25 June 2026EnglishDeutschFrançais
Issue 10HY OAS at 2.75% — credit never blinked8 June 2026EnglishDeutschFrançais
Issue 09HY OAS at 2.71% — credit is still priced for perfection3 June 2026English
Issue 08HY OAS at 2.72% — credit is priced for perfection27 May 2026EnglishDeutschFrançais
Issue 07Private Credit's Structural Ascent Reshapes Leveraged Finance21 May 2026EnglishDeutschFrançais中文
Issue 04Private Credit Steps Into the Void as Syndicated Leverage Collapses21 May 2026English

Issues are sent by email when written and join the archive afterwards. Ask to be added and say which language you would like.

The spine

What is in every issue

The section spine never changes. A reader who has seen one issue knows where to look in the next, and a section with nothing to report says so rather than being padded.

Editor's note

The stance for the week, stated in the first sentence rather than arrived at in the last.

Macro snapshot

High-yield spreads, the leading index and the equity market on one chart over twenty years, so the current reading is placed against its own history rather than described in isolation.

Lead story

The one development worth the reader's attention, with the evidence that supports it and the evidence that cuts against it. This is the section a reader lifts into a client note.

House view

The standing position, with any divergence from it flagged explicitly rather than quietly adjusted.

Watchlist and earnings

The instruments under observation and how they actually reacted, against what was expected.

Calendar

What is scheduled, and specifically what would change the stance if it landed differently.

Portfolio work

The reference construction dossiers

Three reference builds, one per base currency, published in New Way Capital Advisory's own name. Each argues every weight it takes, carries the instrument selection down to the ISIN with its total expense ratio, and replays 2008, 2020 and 2022 against a naive blend so the construction is judged against the obvious alternative. A client engagement produces the same document in the firm's own colours.

Market levels are as of 26 June 2026 and each figure carries its source in the document. Backtested results are historical simulations and are not a representation of future returns. Nothing in these documents is investment advice or a recommendation to buy or sell any security.

How the figures are measured →

White label

Under licence, in your own name

The same engine produces a weekly note in a client firm's own name: its branding, its watchlist, its house view and its voice, on the same cadence and the same spine. The client approves every issue before it goes out.

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The publication describes markets and published data. It is not investment advice and it is not a recommendation to buy or sell any security. Figures carry the source and the retrieval date shown in each issue. New Way Capital Advisory is not a law firm.