It was expected to be strong. It was, and then some. 💪

One of the biggest bond issues in history matures today. 8% 2021.

Is this the beginning of the end for QE and emergency bond purchases?

The Cato Institute’s Ryan Bourne discusses his new book on the economics of the pandemic: the Value of a Statistical Life (VSL), public v private actions, global trade and vaccine nationalism, and the all-important labour market.

As Europe ages in the same way as Japan has, should we expect higher or lower inflation? Also today, I try to pronounce Tokamak.

Is the Eurozone reopening going better than expected? And why are European government bond yields rising?

Bonds are dull and stable this week so far - all the action is in crypto currency.

Foreigners bought $200 billion of USTs in Q1. Also, U.K. inflation, and weak Eurozone bond markets.

And core inflation was the strongest since 1981!

Only 266k jobs created in the US in April, nowhere near the 1 million expected. In today’s podcast we ask why. Also, Scottish independence, and the Bomber Mafia.