alan bjerga joining us from washington. you so much. , a controversial police incident in the detroit higher taxeading to bills for residents. that story when we return. ♪ mark: welcome back to bloomberg market day. i am mark crumpton. with theerns joins me details. market showing momentum on this went a. himia: a little bit of intraday rally. the dow above 18,000. the nasdaq trading near the highest level in 13 years. the s&p bouncing back from the biggest loss in two months. want to show you what is happening in the treasury market. it really looks like the global treasury rally taking place for the past couple of weeks is continuing the yield on the 10-year note trading at the highest level since late september. we are seeing a global selloff in bonds around the world. the german bunds its 1% for the first time since september. taking a look at what is happening. falling today. trading at the lowest level since may 18, down now read a third straight day. we are seeing strength in the japanese yen. the japanese governor.

.- not budging anding me is alan bjerga m&a reporter ed hammond.top of a $45 billion bid, a lot or underpriced? ed: it is a big figure. if they paid it it would be the fourth or fifth largest paid breakup fee for antitrust. what syngenta and has been arguing about, it is not a lot. we think they are asking between 10% and 13% of the overall transaction. whether it's been software is slightly above, it would move the break. they want a big break for these reasons. a huge execution risk. that involves some antitrust risk. any deal is going to take a long time to go through. will take them out of the market for a minimum of nine months per year. if you want to do that it will cost you. alix: do farmers want this to go through? alan dang you take a look at something that controls 40% to -- 40% of the seat market. seed prices are triple what they .ere 20 years ago monsanto has a lot in that market. we would be spinning off businesses and properties. we want to make sure this is a clean merger. if you are in agriculture you how to make sure you know this