To the week. We are now focusing back on the virus rather than the vaccine. The german tenyear, some very weak inflation data out of germany today, sending yields lower. The price is coming up higher as well. You are also likely to have a scarcity factor coming into play as well. Yesterday indicating that the ecb is going to be on the bed, buying bonds. Hes got to think about what is going to happen in the bunds story as well. When you look at what is happening with treasuries, greece now has at the front end of its curve a negative yield. Just well on that for a moment. Greece is now a negative yielding country, albeit at the front end of the curve. Nevertheless, an amazing turnaround in a relatively short time. Alix an amazing eight year difference that makes. I was just reflecting on the sovereign debt crisis yesterday, so that is an amazing stat. New virus cases may be easing in some parts of europe as virus hotspots could offer a glimmer of hope and some of the worst hit countries
Really settle this morning. Ive got to go right to the deepest market exchange. The Dollar Strength is really resilient. Jonathan the treasury marketjonathan not doing what the treasury market would typically do in an equity downdraft. So many people have come on this show talking about it. There it is, the 10 year yield doing nothing. Your yield, 0. 67 . You could clip that, repeat it, and it would have been true for the last five days. Tom when you intrude into market spaces, markets dont give you signals. Ive been surprised by it. The completeness of the bond market and this lethargy has been extraordinary. It is where the bond market gives up giving signals. Jonathan the data 90 minutes away in america. Lisa we get a sense of how much momentum is flowing down in the u. S. We get the latest reading on initial jobless claims in the United States, and continuing claims as well. More discussion from jay powell and steven mnuchin, asking for more fiscal support from washington. The mark
Level with the stock down on euro strength adding into the downside for the European Equity markets. We are also seeing weakness when it comes to the cable rates. Not surprising after the war of words that broke out between the european commissioner and the u. K. Government earlier on today. Now, 120 862. 128 point 62. Today we are giving back a little bit of ground. Alix breaking news out of the european commission, the u. K. Has seriously damaged trust and has until the end of the month to amend the violation of International Law and joining us now with more from london, david, walk us through what we know and how this time might be different from the other extensions, deadlines, and harsh words we have seen. It really is extraordinary, an ultimatum for them to backtrack on the bill in london yesterday, overwriting key sections of the agreement signed by Boris Johnson less than a year ago, which she is now saying he regrets and doesnt think really serves the people of Great Britain a
Coronavirus case fails to improve overnight. The u. K. Prime minister is still conscious but has received oxygen treatment dominic raab is deputized. Equities heading for their first backtoback games in two weeks. Futures pointing higher in the u. S. While oil rises ahead of thursdays opecplus meeting. Coronavirusthe maybe reaching a plateau in europe as cases slow across the continent. Italy could start ending its. Ockdown on a gradual basis just under an hour away from the start of cash trading in europe. A quick look at futures here. A gain in futures at the cash trade closed higher yesterday. Gains in u. S. Futures with the 0. 4 the dow s p up 0. 4 . Anna everybody still focused on what is going on with coronavirus globally. Cases are being handled and death rates. We need to get to the first word news update. Prime minister Boris Johnson is in intensive care. His Coronavirus Infection worsened. He had been selfisolating for 10 days, struggling to shake off covid19. Dominic raab is
Ields are higher. In eight basis point increase yesterday. You are getting a weakening the dollar by about 1 . It could be seen as some good news if some of the funding pressures are relieved. The hope and optimism is still moving through into the copper market. Those are off 3 . Copper has been searching to the highest now in almost three weeks after minds have been closing to reduce supply and some of the coronavirus headlines have been coming in showing signs of easing in these hot spots. Flip up the board. I want to take you through, if you want, to take you through an 11 day chart. David of course. Taylor this chart is getting us into so trouble because im getting so much twitter hate mail. Take a look from the lows of the session, we are now up 20 . Technically speaking, if we close at these levels, it would mean we have closed out the bear market. There are still a lot of people that think this is a drop because we are still off 20 from the record highs in february and the worst