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in dubai. let us kick it off with what is going on. we are trying to absorb everything from janet yellen. the treasury market returned aggressively with pace yesterday. i want to show you the dollar. take a look back here over the years. go back to 2009, selling in mae and going away. that is not the case. the dollar has climbed 3.4%. best performance in may since 2012. this is relative to some of the other asset classes. the aussie and the yen are the biggest casualties to dollar strength. we are going to pick up on all of these greenback gains against the major currencies. i love the irony. except for the good old british pound. if history is anything to show itself by, selling in mae is not the trade of the day when it comes to the dollar. nejra: we are also going to talk about china. i have a chart that shows a little bit of jitters possibly. looking at csi 300 futures. we solve the stock index futures plunge. you saw the line drop for the daily limit. it snapped ba ....
this is the first declined so far this week. six of 10 major indices were lower, financials and cyclical groups were the worst. we started lower and did not close in the green, but finishing well off the lows to continue this trend of a bid supporting the markets. alix: materials and banks were the two were sectors. take a look at what happened to them today. it was a brutal morning, near a 10 month high, kicked down, and claude back to neutral. back to neutral. you had that great treasury rally that put pressure on financials. joe: you are never going to onieve this, but yields government debt are lower once again today. there is the 10 year yield. every day. this is my favorite part of the day when i announced the new lower yields. falling below 1.7% for 10 year yields today. grinding lower there. same in the u.k., brand-new low there. , but we can get more of them tomorrow. scarlet: take a look at the dollar recovering, but not against the kiwi. the kiwi the stronges ....
amazing. futures -57, under 3% measured. challenge.a the euro 1.111. elevated,was really 27. sterling, 1.3625. a difficult go of it. 1322. julie: this is my favorite part of the year. this is the pound index. you can see the incredibly tight correlation all through overnight trading into the morning. only do we see a slight divergence. the white line is the pound index. all such lows, climbing a little bit higher versus the stock getting clobbered. correlationkind of you do not expect to see in your lifetime. scarlet: this is not normal. when you look at how the cash market is doing, it is not that bad in contrast. take a look at the bloomberg. when you break it down into sectors, you have attained main desk you have 10 main groups. companies faring better. the losers are financials, the big banks. we want to show you within the dow the big movers. the dow has 30 members. the only gain is up by half of 1%. stock is down. alix: now let s check in on bloomberg first word ....
warn investors. there is a lot of uncertainty. uncertainty is the enemy. shery: does big pharma have prescription for brexit side effects? it is all ahead on bloomberg best. shery: hello, and welcome. i am shery ahn. this is bluebird best bloomberg best, your weekly analysis of interviews from bloomberg television around the world. this week has been all about adjusting last thursday s u.k. vote to leave the european union. on monday, the market moved in uncertainty, and nowhere else things uncertain than in britain, with the leadership was thrown into chaos. it is interesting what the next step will be, because logically the next step would be for the u.k. to trigger article 50 and excellence start those negotiations on leaving the eu. actually, other governments in europe are not expecting david cameron to do that when he needs other eu leaders on a meeting and tuesday. what he wants is some kind of plan for what happens next. this is understandable. the w ....
absolute uncertainty. there is a lot of uncertainty. uncertainty is the enemy. shery: does big pharma have prescription for brexit side effects? it is all straight ahead on bloomberg best. shery: hello, and welcome. i am shery ahn. this is bloomberg best, your weekly review of the most reviews, business analysis, and interviews from bloomberg television around the world. this week has been all about adjusting last thursday s u.k. vote to leave the european union. on monday, the market moved in uncertainty, and nowhere else were things more uncertain than in britain, with the leadership was thrown into chaos. nejra: it is interesting what the next step will be, because logically the next step would be for the u.k. to trigger article 50 and actually start those negotiations on leaving the eu. actually, other governments in europe are not expecting david cameron to do that when he needs other eu leaders on a meeting and tuesday. what they will want is some kind ....