US and Japanese bond yields have been soaring in recent days.  To some it might be a reflection in recovery of stock markets in the 1st and 4th largest economies in the world.  Or it might be investors waking up to the fact that both nations are heavily in debt with no prospect of getting that debt mountain down.

Joining Joe this morning was Gregory Perden, a well known fund manager and was named among Citywire's most ‘Influential Wealth Managers’. He’s also a Senior adviser with Moore Ireland.