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Unfiltered and see the Bigger Picture for yourself and make up your own mind. 2020cspans campaign brought to you as a Public Service by your television provider. Onafter winning 10 states super tuesday, joe biden hopeste with potential voters in st. Louis. Missouri is one of six states to hold residential primaries this tuesday. President ial primaries this tuesday. , lewiouiswelcome reed. [cheering] you butt know about im excited today. You excited today, st. Louis . I dont know if you know where biden is in joe town today. I was thinking you know what . Trump wants to make America Great again and i truly believe he wants to make America Great again. This is what we are going to do. We are going to help him make Amer ....
Angela merkel does not rule out joint eu debt issuance. Nejra another emergency move from the fed sent stocks and yields soaring, but we are reversing some of those gains today. The 10year yield, we saw the biggest route in 10 and 30year treasurys 1982. We talked seven basis points on that 10year yield today. Asia. N the screen in the moves we saw yesterday in , also theisk on prospect of that stimulus to the tune of more than 1 trillion, but the question for markets is how can risk on continue until we see any kind of inflection rate in global coronavirus cases . Yousef this emergency Lending Program that has come out to try to support primary dealers is front and center in the Monetary Policy side. You mentioned some of the we got on the fiscal side. We are firmly downward, 3. 7 2000. Than also look out for major moves in the commodities and epic space. For the bloomberg ....
Low for might as well, but the pboc not adding actual liquidity saying things are reasonably apple when it comes to liquidity conditions at the moment. I suppose the big question is will any of this be transmitted given that we know so many still out of the economy, essentially either stuck at home or factories still still, supply chain massively dislocated. Sarah we have seen markets across the asiapacific region turning higher. We continue to see resiliency, at least on the mainland and in hong kong. The hong kong hang seng up about. 5 , and in japan, we have seen markets turn higher as well, holding onto those gains, up about. 6 . The one that is moving to the downside bucking the trend is the south korean cosby after the country did report about 10 new coronavirus cases. You see it falling to a twoweek low, down about. 25 at the moment. Lets take a look at some other risks in the currency and commodities space. We did see copper moving higher for an eighth day and 11. Gold, though, ....
And taiwan. You have elections coming up. Keep your eye on that. We are either flat or slightly higher. Safe havens, looking at dollaryen above the below the 200 day moving average. You are looking at oil pushing towards session highs, new york 1. 6 to the upside. In case you missed it, breaking news out of iraq, the top iranian commander was killed in a u. S. Airstrike with reports in the last 30 minutes or so. Thena lets get more on markets. David was just mentioning this news about the commander being killed in baghdad. What does it mean . What are you watching her . I think it means we will have geopolitical tensions coming back in the new year. The s p 500 in reversing earlier gains, and the yen is being beat up. But i dont think this is going to last. I think after the dust has settled and the markets continue to focus on the fundamental improvement, this liquidity part can still continue after china with liquiditya banks. An era for the emerging markets. Same macro theme. It wil ....