In the latest installment of “Inside the Episode”, Real Vision managing editor Roger Hirst breaks down the most central points of discussion from January’s episode of Insider Talks. He zeroes in on the yield curve by explaining what it is, how it moves, what it’s used for, and how it impacts risk assets. Roger also dives into the reflation trade narrative by considering whether there is global synchronized reflation occurring and whether it is lasting or transitory. As Treasury yields are moving higher, Roger breaks down Raoul’s and Julian’s concerns about the destabilization of high yields could cause in a low growth environment, how market participants may respond to rising yields, and the fragility that is still present in the system.