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Let's dive deep into the action with our market supporters equities bonds currencies commodities on the clothes Abigail what were you watching well small moves for stocks record highs, but bigger moves for bonds take a look at this the 10-year yield down 5 basis points the biggest move down the biggest rally for Treasuries pressure reads inverse yield of the month let's put him to the context of a chart by Paul Diana of Bank of America Merrill Lynch he was very bullish on bonds for the year correctly so, but he said if the 10-year yield breaches the downtrend in yellow that he would turn bearish we could see the 10-year yield go up to 2 point 1 5 Mike well thanks Abigail well in the corporate bond market all eyes have been on this monster offering from Abbie to purchase it's to fund its purchase of allergen in fact it's the fourth biggest deal of all time the biggest of the year and the market seems to have absorbed it pretty well in fact if you look at the spread on investment grade bonds actually fell to a 20-month low of about 100 104 basis points yesterday that's according to the Bloomberg Barclays us aggregate corporate index and Teller this obviously bodes well for what the bond market is really gearing up for and that is what could possibly be the biggest LBO of all time a buyout of Walgreens Boots Alliance Taylor well Mike I'm taking a look at the defensive sectors and if you come and take a look at a chart here that I'm showing inside my terminal UPS the saying that within defensive sit is healthcare utilities they're taking a look at the forward PE ratio based on projected earnings in a report this week, and they're noting that the forward PE of the healthcare index has dropped as much as 20 9 below the ratio of the S&P 500 utilities index during October that discount is the biggest on records if you're getting defensive here UBS at least Ain do health care utilities
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