c.m.e. buying the next group i think what's very interesting about that one is that the c.m.e. ontrols a significant portion and the franchise in u.s. treasury futures broker tech which is part of the next group operates the largest electronic platform for u.s. treasuries combining the two is a significant coup for the c.m. eat on top of it as many of you know alive or is the interbank rate that c.m.e. is flagship product the euro dollar future settles into because of all the manipulation concerns and fines of the last few years it's being phased out the c m e purchase of next assures that it will have access to the primary data provider of the next settlement for its franchise contracts now new york stock exchange which is a subsidiary of eyes buying c checks is a very interesting one as everyone knows the previously reported price that the chinese investors were willing to pay was only twenty five million dollars there are some people who have speculated that the ca checks had been planning to pivot to crypto in in the wake of the deal breaking up and it's very possible that a

eastern today >>> let's get back to the stock market rick santelli is tracking the action at the c.m.e. group >> i have never seen so many traders scrutinizing and dividing multiple of basis points we stack today on top of friday's range and coming close to 3%. you want to look at some year to date charts, it is enlightening. you see our 10-yr and we took out of the 2.95 high yield look at europe, and bund today of a big move. yields at 1.53 what do they all share in common there seems to be this funnel and it is slowly disappearing and certainly seems to have an effect we can talk about inflation and break evens and we can talk about the dollar index, two days up a penny in two days at the end of the day, all road lead to central bank and our central bank is leading the chart. sara, back to you. >> rick, thank you how big of a threat are these rising yeeields and your portfolio, joining us, steven, our market strategist with russell investment that's a question as you head into this psychologically 3% level whether we headed today or sometimes soon, is that a big risk for stocks? >> i think