Wrap

Generally a risk on, deflationary day. Risk assets and most commodities up. Global equities generally up. Precious metals starting to catch a bid.

Not really sure what the driver is: a lot of news around the $2T infrastructure bill.

Twitter Treats

The Greensill tragedy continues to unfold:

NEW: Greensill Capital’s administrator has failed to verify invoices underpinning loans to Sanjeev Gupta, after companies listed on the documents denied that they had ever done business with the metals magnate.

by @cynthiao and me https://t.co/IGxyxFE1bo?

— Robert Smith (@BondHack) April 1, 2021

Weird name for a baby. pic.twitter.com/OmCFc2ktxN

— Angry People in Local Newspapers (@angrypiln) March 31, 2021