This is bloomberg daybreak europe. I am lizzy burden in london. Wrestling bears, china delivers its strongest ever push back against a weaker currency, seeking to repair confidence as Developers Warn of mounting losses. Bank of america says investors should strap in the return of the 5 world as bond yields surge on bets at rates will stay higher. Plus, shot in the arm. Things get a boost as no fewer than 28 of them have said to be lined up for the arm ipo likely to be this years biggest. The morning. Happy friday. You have made its. What a week it has been for august. We have treasury yields broadly study but the 10 year was near the highest since 2007. The 10 year touching the highest 2011 and tech stocks especially feeling the weight of rising real yield. U. S. Futures flat after the close that stocks are headed for the worst read a streak since march just as yields ease off the highs. In beijing shares heading for a six daily decline. Bear fatigue setting in on the china story now.
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