the problem with a long end, if you increase the yield on btp 's, you start affecting spending.thdraw q.e. what it should do is to normalize the deposit rate from -40 to something more towards zero. why? because in that way coming home banks to lend and help the real economy. that would help in the periphery. what is the problem? the problem they have as they do not want to do this deposit rate hike. they are too worried about doing another trichet and making the euro appreciate too much. the right sequencing would be the opposite. move interest rates first. we don't think they will do it. they will be very gradual. but this would be the best solution. guy: antonio, how would you sequence the exit? the first up is announcing the for guidance that opens the door for this interest rate change next year. we think that 60 billion is not necessary to continue in 2018, but you still need some. our gradual -- our calibration is 50 billion. at the same time, start to normalize the rate from -40 to -30 in q3, -20 by the end of the are. you end the year with q.e. at 20 billion per month a

btp's? >> bonds. >> bonds. love them in the 30's. >> bonds. jonathan: upside or downside to pricing.han: my special thanks. that does it for us. [ beep ] show me top new artist. [ applause ] [ laughing ] show me top male artist. my whole belieber fan group... it's not a competition, but if it was i won. xfinity x1 lets you access the greatest library of billboard music awards moments simply by using your voice. and thank you so much. the billboard music awards. sunday, may 21st. 8, 7 central. only on abc. ♪ haslinda: hello and welcome to "high flyers," the show that gives you a 360 degree view of asia's business elite. today we meet a man who turned his personal frustrations about the property sector into a multimillion dollar business. when starting out, he knew practically nothing about real estate in southeast asia. today he dominates it. let us meet property guru steve melhuish.

btp's?n: long bonds or >> bonds. >> bonds. love them in the 30's. >> bonds.han: upside or downside to ing.ing questio jonathan: my special thanks. that does it for us. live from bloomberg world headquarters in new york i am vonnie quinn. this is bloomberg markets. let's get a check on the markets. >> we are looking mostly unchanged here. a little bit of red on the screen. the nasdaq turning slightly higher here, putting this all into perspective. we are having the best weekly performance of the year. we put this small selloff into perspective. the to the small cap, russell 2000 down almost 1%. in a perfect world the small cap would do better. of a selloff a bit after the corporate tax plan was released earlier. perhaps some expectation in line with reality. let's see with what is behind some of the read on the screen. we are seeing energy and tech leading the way.

btp's? >> you would not let me go with neither so bunds. >> bunds. love them in the 30's. >> bunds.han: upside or downside to pricing. jonathan: my special thanks. that does it for us. you have been watching bloomberg "real yield." ♪ ♪ haslinda: today, we meet with a woman who was forced to take over her family's sauce company after her father died. just as business was picking up, she was faced with another death in the family. this time, her husband. the tragedies, though, have made her stronger, and she now runs a multi-million dollar operation. let's meet sin hwa dee's jocelyn chng. ♪