Are we headed for part two of the energy crisis? Hi, everyone. Welcome to the Real Vision

Daily Briefing with me today is Andreas Stinnell Larson, Real Vision's my colleague of course

at Real Vision, our market editor and founder of Stinnell Research. Hey Andreas, great

to kick off the week with you. Hi Maggie, great to see you. And everyone, of course, our

keynote viewer is going to know Andreas is rocking his slightly new look, which we love.

Those of you who are listening on audio, you'll catch up. You'll see it. So Andreas,

we had US stocks just closed a little bit of a lackluster session. It looks like actually,

you know what? I always like to check at the end and they're a little bit better than

there were just a few minutes ago. Looks like they were all in the red, but they kind

of turned around and managed to sort of, for the NASDAQ, again, of a half a percent. It

was down just a few minutes ago. The Russell was the only one that was, that was in the green.

So a little bit of a late buying coming in here, but it seemed like the real action was

once again with bonds, yields moving higher, 10 year yields at one point, a 4.54% high

since 2007. What's your take on the action that we're seeing in bonds?

I mean, last week we had a whole series of central bank messages, basically all agreeing

that we are very, very close to a peak in policy rates. And that message was delivered amidst

what I call a cyclical upswing in everything related to production and amidst a clear rally

in energy prices. And when central banks communicate a pause while everything is smoking

hot in commodity land, it is the perfect cocktail for a so-called curve steeper in markets.

And the reason is that the market, market simply has to do the dirty work when central banks

are not willing to do it. And therefore, right now, right about everyone is fleeing the

ship in terms of their bond ownership. It's been a clear consensus over the course of the

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