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Mar 22, 2021

A step forward for AstraZeneca’s vaccine

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The company announced the results of a U.S. trial this morning that find the vaccine is highly effective. Plus, continuing to keep an eye on U.S. Treasury yields and interest rates. And, pandemic relocation to Hawaii for some remote workers.

Segments From this episode

What's driving Treasury yields up?

Julia Coronado, founder and president of MacroPolicy Perspectives, has some insight. "I think the fiscal package that needs to be financed is certainly one of the reasons that yields have moved higher," she said. "That's both because the market needs to absorb all of that debt issuance, but also it's a reflection that that stimulus is going to lead to stronger growth, maybe a little bit higher inflation, and that means that yields should be higher, anyways." In other words, there's more supply and better prospects for the economy that are leading yields higher. But Coronado said this isn't a problem right now. "Yields are still very low. We're back at the interest rates we saw pre-pandemic, which were very low." She said "it's nothing that has gone so far that we worry about it derailing the economy."

Hawaii group lures remote workers amid pandemic downturn

Mar 22, 2021
Workers freed of geographic constraints may want to relocate, and Hawaii wants to capitalize on their mobility and skills.
Hawaii's tourism industry has been ravaged by the pandemic, but the crisis may end up bringing workers from a wide range of industries into the state.
Mike Ehrmann/Getty Images

Music from the episode

Get Up Amel Larrieux

The team

Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Engineer
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Erika Soderstrom Producer/Director