Join the community with a ukrainian view of the world, become a sponsor of the youtube channel, and this is access to exclusive content. Personal thanks, pinned comments, custom icons, and the ability to chat oneonone with the espresso team. Click sponsor and become a part. Sheet music with a ukrainian perspective. Voice of america in ukrainian and our chastay program are on the air. My name is ostab yarysh, congratulations. As a result of the hamas attack on israel , seven citizens of ukraine have already died. About this reported in the ministry of Foreign Affairs of ukraine. In addition , nine. Ukrainians were injured of varying degrees of severity, and nine more are currently considered missing. Diplomats are organizing evacuation flights for those people who want to leave the region, and in the meantime , us secretary of state Antony Blinken visited telyaviv today. At a press conference with Prime Minister benjamin netanyahu, blinkin emphasized israel has the right and duty to def
Live on tv and radio. Your bond market reopens stateside with the powerful rally on the 10 year yield. 4. 66. Tom lets see how it comes off as a flight to quality as a general statement. Think we have to let it play out. The news flow from israel is minute by minute literally. Jonathan this is a treasury market that missed out on the haven flows yesterday. And you have to throw in the fed speak which started with your interview with mary daly and letting the bond market do the work for them. Then the rally starts. Lisa i wonder if that will lead them to reverse some of their stance. Is this less of a haven trade type of a bid and more of a response to fed officials signaling that maybe they are done. That really is maybe the confused soon confusion in the tea leaves. Tom i think they are going to wait to see what ppi is. When is cpi wednesday or thursday . But the answer of ppi is possibly more important. Jonathan the update on israel, the latest from Prime Minister Benjamin Netanyahu
Going from potentially janet yellen all the way to raphael bostic. What that translates to is some pressure. The european open. U. S. Futures as well. No green on the screen. Its a worrisome market right now. A lot of people repricing some of the cross asset reaction. We are seeing a lot of moves in the treasury space. The 10r yield higheb three basis points. All a function of what you are seeing further out i te curve. U. S. 30 year yield. Almtat that 5 level. We will no doubt abo hat but thats what you need to know. The lack of plumbinility there seems to be i shoud say we see continued strength. Now you are seeing a pullback in the mexican peso. You will s to see a lot of the rik ppetite diminishing around the wl. Em currencies are the first to get hit, creating aeling tailwind for the dollar. The super peso conversation wevebeen hearing. Brent crude, lack of Risk Appetite right now. Brent true trading in line with what you are seeing across the board. Thats your cross asset equitie
Crew touching 95 a barrel. 4. 6427 is the new cycle high. Tom this thursday is more tumultuous than monday through wednesday. An equity pop at the back end and we are short covered. And the optimist will be here with us in a little bit. You have to reset and recalibrate. There was a moment yesterday and let me get out the surveillance mouse and tell you that we had a 2. 30 10 year real yields. I did not frame that six months ago. Jonathan the equity market is kind of a snooze. Bond market huge moves. Fx one point four briefly against the dollar. The dollaryen getting closer to 150. Lisa that is exactly the right observation. Why are stocks so subtle and why are they not responding to the markets. Is there just simply a paralysis, or this is forced selling for funds that do not have a big position. At this point are we looking at some unraveling that is gaining steam that nobody wants to get in the way of. Tom i am going to when mike mckeen gives us the gdp blah blah blah, but there is
Optionality. It is hard to see with the positive category is for markets today. This is bloomberg surveillance. Manus live from new york city this morning, for our audience worldwide, this is bloomberg surveillance alongside tom keene and lisa abramowicz, im jonathan ferro. Builds up, stocks down in the fx market. Tk, eurodollar, 105. Tom you go wow when you see a number move. I did a hat trick. It is wow wednesday across assets. Where do i begin . I begin with the real yield and the effect on the fx market. I never thought i would see this this quickly. Lisa are people getting a little over there skis here . There was two outcomes. Where was the base case of a consumer that was running out of money and potential for a recession . It seems to be off the table and some of the expectations even as we see signs of true weakness. Jonathan melted in terms of the objective of what this Federal Reserve is. I think we are at that point where we are starting to fully internalize this high for l