greg davis sticking with us, kathy jones, alongside mike buchanan from western asset management.hat wraps up the conversation on treasuries. coming up, we had to the auction block. three deals polled as investors push back and ask for higher yields. we will get into that in just a moment. this is "bloomberg real yield." ♪ ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." i want to head to the auction block where the search for yield comes to argentina. a country with a 200 year history, 75 of those in default. manages to convince investors record -- the company sold $2.75 billion in a century bonds. back in the year us, a sale of 0.88%. primary dealers took only 15.5%, the lowest ever in data going back to 2010. the bid to cover ratio was the highest since investors, here is 2011. investors, here is a story for you, put their foot down. they demanded high yields. virgin media, charter and berry, all pulled debt deals this week. looking for lower yields. they cited market conditions. back at our roundtable, greg davis from vanguard group, kathy jones from schwab cen

greg davis sticking with us, kathy jones, alongside mike buchanan from western asset management.hat wraps up the question on treasuries. coming up, investors push back and ask for higher yields. we will get into that in just a moment. this is "bloomberg real yield." ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." i want to head to the auction block where the search for real yield comes to argentina. 75 of those sold, manages to convince investors maybe it is not such a concern. $2.75 billion in century euro, .88%. the recovery ratio was the highest since the -- october 2011. investors, here is a story for you, put their foot down. virgin media, shaw communications, all pulled debt deals this week. yields.for lower back at our roundtable, greg davis from vanguard group, kathy jones from schwab center financial, and gregory davis -- michael buchanan from western asset management, is this a good thing that is being pushed back a little bit? michael: i think it is a great thing. what it really shows is discipline in the market. obviously we have had a little wobble i

joining us now is kathy jones, chief fixed income strategist for charles schwab and company and lou breenrw trading group specialist lou, after the fed announced it was raising rates yesterday. the markets wobbled a bit but closed higher. this morning things are under pressure what do you think happened >> i think the pressure this morning is as much as there is, we're not down a half percent or so >> 70 points on the dow, 14 on the s&p. >> so it's not nothing, but nothing significant yet. i think that had more to do with trump and mueller than the fed the one interesting thing with the fed is that they were a little less concerned with the recent decline on the core inflation measures than i would have thought they said they will keep an eye on it. janet yellen was very willing to look past it in her press conference the ten-year note is not that's a mixed message that we're getting. the fed showing themselves more hawkish, but the ten-year having none of it because inflation and inflation expectations is the key to the ten-year note right now we're reversing that whole trump inflation t

jones. >> people are -- kathie le >>> today expect highs in the low 70st.t cue effort on our home page. >> riders have time to brace for the higher fairs coming up in the new year. more details in our twitter feed. >> announcer: from nbc news, this is "today" with kathie lee gifford and hoda kotb from studio 1a in rockefeller plaza. >>> hello, everybody! welcome to try day friday. it's june 23rd. that is, "i love this life." >> i love a little country music in the morning. >> speaking of country music from the show "nashville" actress rachel bilson is here one of the big stars of the hit show at boc and joining another series "nashville" and will tell us all about it. >> ever receive add wedding invite. some say black tie optional, festive, beachy. >> chic.

jones. >> people are -- kathie le pro tip for fruit lovers: giant has unbelievable produce prices.the roads specifically the boulevard with traffic reporter jessica boyington. >> watching the northbound side and the outer drive now around 9th street. an zwent, tow trucks were there. we did have a fire truck there so a lot going on herement we have a lane getting by and right now that north and southbound side of the boulevard looks better than it did earlier today. we had a crash around broad street. we're watching this crash in pottstown, shoemaker road. back to you. >> thank you. today in center city, pennsylvania senators will hold a public hearing on philadelphia's soda tax. expected to hear from business owners and workers who have been hurt by the tax and people who benefitted from the services it made possible. we'll have another update in 25 minutes. you can get the latest news and weather with the nbc 10 app. we'll see you at the bottom of the hour. dear fellow citizen, spending time hunting treasures with my daughter is wonderful. because before i'm even ready, she'll be

jones industrial average lost 20 points to close at 21,008. the nasdaq fell four points, and the s&p 500 slipped one. and, cnn has fired comedian kathyffin from its new year's eve broadcast, after she posed with a prop resembling the severed head of president trump. the image drew widespread condemnation, and the president tweeted that it was "sick." griffin has issued an apology. still to come on the newshour: germany's ambassador discusses europe's changing relationship with the white house. what pulling out of the paris climate accord would mean for the u.s. and the world. minnesota senator al franken's new memoir. and, much more. >> woodruff: president trump's first overseas trip included meetings last week at nato and european union headquarters in brussels, and with other g-7 nations in sicily. germany is a key member of all three bodies, and in the aftermath of those meetings, chancellor angela merkel sounded notes of concern about president trump's stance on some key issues. chief among them: climate change and the paris agreement. to discuss this and other matters, i spoke a short time ago with germany's ambassador to the un