meanwhile president trump seems offense topy with's kotik. -- with defense secretary esther -- esper. in crete --sts expect the european central bank to increase monetary stimulus. warmed --lagarde has warned that -- in hong kong, lawmakers have passed controversial laws banning residents from disrespecting china's national anthem. that adds to fears that beijing is tightening its grip on the former british colony. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by over 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. tom: very good. thank you so much. finally aight now, pause on equities. 30 year bond fractionally a little bit higher but just sort of a pause on a thursday with the extraordinary risk on feel. gold has spent a lot of time below $1700 an ounce. francine? francine: if you look at treasuries, they are pretty much steady. before the ecb announcement on its policy decision which is why i wanted to look at the italian 10 year yield. if you look at how the spreads have been compressed over the past coupl