Following the successful trading session in asia. Mifid ii, 15 minutes into the trading session, there was 25 less volume ban on the 30 day moving average. Looking at your dollardollar, unchanged. Tle bit at 2. 7 my 10 year yield . Well talk geopolitics and south and north korea talking. Coming up on bloomberg surveillance, we will be speaking to Lucy Macdonald, chief Investment Officer at lianzl equities and al global investors. Twe also discussed the new financial law. And Daniel Morris also joins us at 10 00 a. M. Lets get straight to the bloomberg first word news. Nejra u. S. President donald trump has responded to kim jong uns latest threat. Trumps remark on twitter came that kimw arne warned the u. S. The Nuclear Button is always on my desk. Earlier trump claimed his peonts to pressure th pyongyang were having a big impact. According to white house officials, trump met with Vice President mike pence and members of his National Security team to discuss the protests amid liberation
I want to begin our conversation by dispensing with the myths were going to talk about liquidity. Is there liquidity problem in the Corporate Bond market . From the perspective dealers, liquidity is different because there are fewer dealers. And their ability erik you were talking about banks. Steve they have less of an for if i had 100 million charter bonds, they might have bid for half of them were all of them for five years ago. Now, they are building bidding for what. They can trade property. The Balance Sheets are smaller. Theyve shrunk the Balance Sheets, so what does that mean for liquidity . That there ismean more liquidity. Thats what you hear. But the reality is different. If you look at the number of and buyers, there are many more and buyers today the weather was for five years ago. And they have a lot more money. If the distribution mechanism. On may not be able to get the wire, it may take an hour or three hours or a day to move 100 million in a liquid mean. But for 80 of
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