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THE TWO-YEAR BUND IS ALSO MAKING EXTRAORDINARY MOVES. ITS BIGGEST WEEKLY GAIN SINCE 19 1990 LETS GO STRAIGHT TO STEVE LIESMAN. STEVE? MELISSA, ONE THING THATS GOING ON RIGHT NOW THAT SEEMS TO BE DRAMATICALLY AFFECTING FOREIGN MARKETS IS THIS ANNOUNCEMENT OF A BROAD TAX CUT IN ENGLAND AND WHATS HAPPENED IS A MASSIVE INCREASE IN THE YIELD ON THE TEN-YEAR. TAKE A LOOK AT THE CHART HERE. YOUVE GONE FROM, I DONT KNOW, CALL IT THE 350 AREA TO THE 378, 379 YIELD ON THE PRESSURE TEN-YEAR AND THAT HAS REALLY SURGED, STILL SURGING, AS BRITAIN ANNOUNCES A DEBT FINANCE TAX CUT, MEANING IT WILL BE BORROWING MORE MONEY IN FOREIGN MARKETS, ESSENTIALLY ADDING TO INFLATION AT A TIME WHEN THE FISCAL SIDES SHOULD BE ON THE OTHER SIDE OF THAT IN HELPING TO REDUCE SPENDING. THIS COMES WHEN THEY HAVE A PLAN TO SUBSIDY ENERGY AND CAP ENERGY EXPENDITURES BY BRITISH HOUSEHOLDS THIS OBVIOUSLY AFFECTING THE POUND AND YOU CAN SEE IT AT A 37-YEAR LOW. IT WAS DOWN IN 110 LEVEL THE LAST I LOOKED