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Good morning, it is 11 00 a. M. Eastern, 8 00 a. M. Pacific. Im jose diazbalart. We are tracking an incredibly busy day on capitol hill. Just moments from now a Veteran Boeing Engineer will testify before a Senate Subcommittee that the 787 dreamliner could break apart in midair due to safety flaws. The president of Colombia University is defending her handling of antisemitic incidents on campus and accusations she failed to protect jewish students after october 7th. And in two hours, the senate will open the Impeachment Trial of Homeland Security secretary alejandro mayorkas, the first impeachment of a Cabinet Member in almost 150 ....
This is Bloomberg Markets asia. Lets have a look at whats been going on. There has been a steeping of the yield curve going on, more flattening taking place. What we have is perhaps an economic slowdown in prospect. Lets have a look at this chart. It goes back to 1986 and it tracks whats going on in the white line into the two to 10 year yield spread. That is indicated by this axis here. Just over 60 basis points between the two of them. The green line is where gdp is. This is inverted. You can the lowest number of growth here, 4 contraction. What happens next is that the yield curve perhaps sees more flattening. We see growth has been improving of late. What happens in the future . We have a strong correlation between the two of them. One of the head scratchers in terms of what we been looking at this year. We had off to christmas break and volatility has been settling going lower, that if we can hold on to the moment in what ....