Conks

Substack by Conks · launched Nov 29, 2018

global monetary mechanics

Top in Finance
#84
Paid leaderboard
#107
Subscribers
58K

rounded by Substack

Paid subscribers
1,000+ paid
Badge
Bestseller 1k
Paid plan
$30/mo
Podcast
Yes

Growth history

Subscribers (thousands, nightly)

58K on Sep 10, 2026 → 58K on Oct 1, 2026

Followers (thousands, nightly)

Rank in Substack’s finance leaderboard: #84 today · #80 a week ago

Stats worth sharing

Tracked since Sep 10, 2026 — 22 daily snapshots so far. The card below is built from what we track and refreshes nightly.

Percentile
Top 16%

of 525 ranked finance newsletters

Best rank seen
#77

on Sep 28, 2026

Rank, 7 days
−4 places
Posts
3

last 30 days

Reactions per post
64

average, recent posts

Reactions tracked
956

across 15 posts

Most-reacted post we have seen: Primer: The SOFR/FF Basis — 118 reactions on Jun 10, 2026.

Conks — rank, subscribers and growth, tracked by Stock Market Watch
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Recent posts

  • Infographics: The Repo Exodus
  • The Repo Dark Spot: Part I

    — Conks highly recommends reading Repo 101 before continuing... This year’s final quarter in money markets could turn stormy. The Fed’s Desk has toggled off its RMOs (i.e. liquidity injections), just as the largest U.S. banks begin pulling back from repo to evade higher capital costs — caused, in part, by soaring equity prices 1 . The first quarter of next year, however, will mark the start of another era of easing as banks re-lever their books, soon followed by the U.S. empire reaching its debt limit, forcing the U.S. Treasury to commence another TGA drawdown and flood banks with reserves…

  • Plumbing Feed: Adventures at the Long-end of the Curve

    This week’s posts from the Conks Feed in article form . To read chat posts as soon as they are published, join the feed here . SEPTEMBER 7TH, 2026: POST BUYBACK MANIA after the Treasury buyback “mania” has died down, which Conks can only describe as an episode of mass hysteria, swap spread wideners (i.e. bets on less negative spreads) have outperformed outright long positions in bonds. te were expecting the usual news flow that would last 48 hours followed by buyback chatter fading from the mainstream, only to be studied by a few over the long-term. after all, buybacks have minimal effect on…

  • Infographics: The Fed’s FIMA Complex

    — get updates on FIMA complex volumes with Conks’ snapshots click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand)

  • Infographics: The G-SIB Surcharge

    — created for upcoming pieces click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand)

  • Infographics: TGA Repos

    — created for Statecraft & the TGA (and used in upcoming works) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand)

  • Infographics: Modern Bank Regulatory Arbitrage Trades, Flows & Mechanics

    click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand) click to enlarge (created lovingly by hand)

  • Plumbing Notes: The Equity Repo Mania
  • Infographics: Trades & Flows In The Equity Repo Complex
  • Plumbing Notes: The Repo Rebound
  • Infographics: The FHLB (Federal Home Loan Bank) Money Market Nexus
  • Infographics: The Equity Repo Complex

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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: Conks. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Oct 1, 2026.