N.Z. Bubble Trouble, Inflation Returns, China Challenge: Eco Day.

Here's the latest news and analysis from Bloomberg Economics to help you start the day: New Zealand is clamping down on property investors in an attempt to rein in spiraling house prices Global markets -- from U.S. and European bonds to stocks and oil -- are sending a clear signal: inflation is finally coming back Credit where credit is due -- ex-President Donald Trump reoriented U.S. policy on China, writes Tom Orlik. The 30-year U.S. Treasury yield reached 2% for the first time since before the pandemic sent markets into a whirlwind President Joe Biden's quest to increase the minimum wage to $15 an hour might have have hit a political and procedural roadblock The Biden administration made a number of key appointments at the office of the U.S. Trade Representative Bloomberg Economics previews central bank meetings that include Russia, Mexico, Sweden, the Philippines, and Peru Put aside the trade and technology wars. [Extracted from the article]