julie: thanks, jens nordvig.is on its hottest streak in nearly 30 years and metal up almost 32% issue year alone. will it continue to shine in 2018? we will have details. from new york, this is bloomberg. ♪ julie: "what'd you miss?" theer overrun said to be best in almost 30 years. what is driving the heat in the red hot commodity? let's ask joe. what is going on here with copper? is it china? kind of a perfect storm going on right now. we've been talking to some of the brokers and traders who are still around. global growth looks pretty solid across the board. china may slow down a little next year but it still looks solid. you are starting to see production cuts announced in china. going down. all that combine makes it look good right now for mr. dr pepper. joe: the production cuts in from, we think of china the demand side mostly. copper has gone up, there must be a lot of demand in china. tell us more about china from the supply side of the occasion. they said we want you guys to stop production for least a w

jens nordvig is sticking with us.ick -- catch bloomberg real yield grade get it at 12:00 or it they will be looking at the central bank decisions this week and their impact on fixed income. coming up, bitcoins capital conundrum, why the cryptocurrency is another piece of the puzzle of global capital flows. this is bloomberg. ♪ alix: they will reveal the final details of the tax bill today. do they have the votes? are are holdouts. they are looking at this chart or distortions in the market. this is the cross currency basis swap. you can see it down by almost 100 basis points. this is how much it costs to borrow a dollar offshore. it's all the rage. what do you make of that? jens: you mentioned earlier there are some year-end effects. these funding shortages are developing at the year-end. the tax reform would have something to do with it. essentially what is one portion of the reform, we have reprint creation of all of these profits offshore. essentially and a number of situations dollars in an offshore jurisdiction.