Good morning. Yields on bonds with a low credit rating are now as low as the yield was on US Treasuries in 2007….
http://www.zerohedge.com/news/2013-05-08/junk-debt-drops-below-5-yield-first-time-record

Japan bears: they are still out there!
http://www.ft.com/intl/cms/s/0/b59445ac-b7ff-11e2-bd62-00144feabdc0.html

The amount and way oil travels around the globe (via @went1955)

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/08/how-oil-travels-around-the-world-in-one-map/

Forget about China: Africa, the land of the future!

http://conversableeconomist.blogspot.nl/2013/05/africas-economic-pulse.html

The earnings outlook is brightening! Well, for one country at least…

http://soberlook.com/2013/05/analysts-frantically-revising-japanese.html

Inflation is still not rearing its ugly head…

http://ftalphaville.ft.com/2013/05/08/1491842/inflation-is-falling-everywhere/

For all the copper nerds out there: implied vols have spiked more than realised vols have…

http://ftalphaville.ft.com/2013/05/08/1491192/volatile-copper-and-the-return-of-the-hedgers/

What?? No billionaires in Rotterdam….? 🙂 On a more serious note: 22 billionaires in Paris and no German or Swiss city makes the list…?

http://ftalphaville.ft.com/2013/05/08/1490872/billionaires-mapped/

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