A big sell off in bonds globally. It’s the pace of the moves in yields that’s grabbing attention, says NAB’s Gavin Friend, which is also putting downward pressure on stocks and helped push the Aussie dollar over 80 us cents for a while.

Today, Tom Buncle talks to me about the types of travellers tourism operators should be focusing on later this year. Plus the Bank of England Governor speaks out against the EU’s attempts grab all Euro clearing.

Jerome Powell pushed hard against inflation fears in his second day of testimonies in the US parliament overnight. NAB’s David de Garis says that’s helped equities and commodities show rises today, which has, in turn, helped the Aussie dollar rise closer to 80 cents.

Tackling climate change with
Nick Butler and Steve Keen, plus Elon Musk loses the short-lived richest man title and Michael Bolton sings about trading platforms!

The RBA might make up for the shortfall in RBA’s bond buying at the start of the week, says NAB’s Tapas Strickland on today’s Morning Call podcast. Powell says the US rise in yields was to do with strength of the recovery rather than inflation concerns.

Government’s are overly optimistic at the speed of an economic bounce back, says @profstevekeen, because they are ignoring the impact of profoundly high levels of debt.