ds,estors paid bi treasuries also sold -- the nd for both auctions at the lowest level for a decade. billion was priced in june and making get the slowest issuance for that month since 2013. high-yield also posted the slowest quarter in eight years. issuance of investment grade corporate bonds slumped 30%. this week, an interesting piece came highlighting the unfolding credit -- they said the following, over the last six months, we've compiled a long list of individual surprises to appear to be more than coincidental. u.s. financial conditions and three pricing of risky assets, we have all the hallmarks of a slow motion credit crunch. stealey.emani and iain iain, what do you make of that? we are starting to see financial conditions tighten. crunch?o credit iain: he is completely correct. we have seen this idiosyncratic events that have built up and they have hurt risk assets. we are seeing significant underperformance. i feel when we look in the u.s., printld well see q2 could close to 6% of nominal gross number. that is still a good environment for credit and i believe areas for the

estors were watching that and there was not a lot of detail, in terms of redistributing the boost and we dynamics. those it is looking positive heading it israding today and pretty flat with a little bit of positivity. trading -dollar is ndgher and the aussie amn kiwi were the best indicator of risk appetite with the weighted currencies. the futures are looking higher ssie-dollar sits above that level and i want to make a mention of the crypto year sincetcoin this june. it has been helped whyjay powell saying jay that the fed will nort regulate cryptos. there was a gain of 11% before 8.5%.ed to putting pressure on allies it is threatening tariffs. the sides will meet for talks next week and imported vehicles will be at the top of the agenda with automakers warning of job losses on both sides of the atlantic, if the administration carries out the threat. >> we said, if we do not negotiate some ink fair, we will have tremendous retribution that we do not want to use, but we will have to, including cars. cars is the big one and you know what we are talk about, with respects to cars and t

andpick up opportunities these this would be the -- interesting opportunity for --estor, rishaad: let'set to some of the decision on this. trey and the -- how all this is them.ing this the first word in the news. man.is yvonne >> raising trade tension has equity the president of there. annual report is gic. boosted its cash and bond investment. neighboruation in u.s. harder to find good opportunity. president trump is tweeting about north korea. posted a letter from kim jong-un that praises his efforts ties.haping it's dated on july 1st when pompeory of state mike was in pyongyang. theymeeting concluded when cancerous and gangster like. netflix is home of the crown. king of the emmys first time. new high for digitally cuts was announced in los angeles. launching asfter hasoperation, netflix become a homosexual power allows. lost 200,000 followers. that take his account down to now.million twitter said, it's identifying accounts eachion week. global news, 24 hours a day and and --d by it'll her rishaad: bloomberg markets. -- things a look at little bit calmer between the united states an