Hard place. Theresa mays brexit transition plan is threatened by centuriesold dispute with spain over gibraltar. Good morning, this is bloomberg daybreak europe. Matt miller is here in london. We need to talk about the asian equity session and what weve seen and what weve seen happening in washington even though most people on the east coast in United States should probably be asleep. Theres been plenty of activity in your. A little bit of an industry here feeling about the asian equity session this morning, so no great big movements coming through, but weve seen some substantial movements in the u. S. Treasury market. 2. 45 is where we are at the moment. Sum consists describing this as eyepopping. Something substantial, what is happening . A lot of people trying to work out what it is. Perhaps a realization that with the tax legislation getting closer, maybe that means more borrowing into 2018. As we said in the headlines, the u. S. Senate has voted has passed their version of the bil