On the anniversary of the ECB’s emergency bond-buying programme, we hear exclusively from the central bank’s chief economist Philip Lane who says Treasury volatility will not necessarily spill over to Europe. U.S. Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell are set to testify before Congress over the $1.9tn pandemic rescue bill. Meanwhile, President Biden is reportedly considering tabling a two-part infrastructure bill worth $3tn to boost the nation’s recovery. Tensions rise between Beijing, Brussels and Washington after the U.S., UK and the European Union slap sanctions on China over the treatment of Uighur Muslims in Xinjiang province, while China retaliates with its own set of broader sanctions against EU officials. And the U.S. NIAID says AstraZeneca may have potentially used outdated figures during its American vaccine trial.    

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