First a hint of what is going on. Japan stimulus. https://www.reuters.com/article/us-health-coronavirus-japan/japans-abe-vows-unprecedented-stimulus-as-tokyo-coronavirus-cases-rise-idUSKBN21F05Y?il=0 What will likely unfold, fiscal policy blow outs. Most countries will engage in 2–3 rounds of this stuff, including the US as new fires, appear in credit, asset and flow markets (short term paper). The price impact immediate, medium…