Yen spinning into the abyss on rising global yields.

Slide deck: https://bit.ly/3Mjlymo   -

Today we look at a fresh pop in global yields helping to drive a sentiment shift lower, although financial conditions and volatility have yet to show any real new unease. We also look at the Lawrence Summers Group arguing that rents are a key inflation driver and that inflation risks becoming unanchored, requiring a real "Volcker moment" for the Fed to get ahead of the curve. Elsewhere, high energy prices are an important market risk, while metals are stumbling after a big pull higher in copper last week. In FX, the JPY is spinning into the abyss on the rise in global yields while sterling is in focus after Boris Johnson survived a leadership vote. This and more on today's pod, which features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic