 Yield spread between German and French sovereign yields has actually narrowed a little bit. There's still equities pressure not being felt, of course, in the US, where you see the S&P 500 again notching up a tenth of 1% gain on Monday to see another record high, the 35th in a row this year. Also, the Nikkei 225 this year climbing to a record high, up almost 25% for this year. Shares in China, MSCI, China index down a tenth of 1% this morning.