Territory. We will see how long that lasts. A strengthening dollar today and treasuries at around 63 basis points for the 10 year yield. European markets are returning today. The ftse 100 was the only one open on may 1. The rest were closed. We went lower the first thing this morning. The ftse opened and was trading higher, but all of the others lower. Out of the gate as you say, we got a stronger teller today. A big move coming out of the ecb tomorrow sorry, out of the Constitutional Court regarding the ecb. We had some really poor Economic Data out of the manufacturing front in europe as well. The italian 10 year selling off just a touch. Brent crude up by 1. 21 . Climbing init risk europe unbidden mounting economic concerns over u. S. Suggestions that china hid the severity of the covid19 outbreak. A sickly escalating rhetoric, which is being a little bit aggressive towards china. We have a speech from the National Security advisor today which called out china and the suppression of
Check, the fed is announcing some coordinated central bank swap line enhancements. We saw them a couple of days ago increase it for a variety of Central Banks. Now those swap lines will have further detail and enhanced swap lines. Absolutely. This is missioncritical right now, figuring out how we get dollars to everybody that needs them is the most important thing, it seems, at the moment, when it comes to financial markets. That is going to certainly help. My question today, does a weaker dollar indicate that the funding stress and design for dollars is beginning to ease off a little bit . We will get an announcement from the chancellery of the exchequer on further measures to help out the u. K. Economy. Similar move when it comes to the 10 year. In terms of stocks, we are seeing a bid finally returning to stocks, and finally enough, i think it is worth paying attention to the fact that we are getting some of the cyclicals in particular catching a bid today. You can see the travel and