I am attending the G20 finance ministers and central bank governors, so look to my upcoming Mine Print Hash episode for my take on what I heard and saw at the summit. Today is just a quick post.
The charts we all the ministers are referring to when they talk about yields, “borrowing costs,” sovereign debt, etc.:
Mine Print Hash
On last week’s episode, Matt Dines and I discuss Bessent’s “economic D-Day,” Operation Economic Outcast. We follow the sanctions through the banking layer, connecting everything back to the infrastructure competition for the stablecoin dollar era.
Open Threads
UK making headlines:
UK is now a full member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Link
Keir Starmer out. Link
Andrew Bailey says AI is a danger to the financial system. Link
Hormuz goes hot again: