>> from new york city, i am jonathan ferro. 30 minutes dedicated to fixed income. this is "bloomberg real yield." coming up, a jobs report leaving the federal reserve on track to deliver more hikes this year. political risk in italy. what is needed most. and a tough week for a former bond king. us why his firm had the biggest order drop in a year. we begin with the jobs report. >> the numbers are strong. >> it is a good, solid gain in the labor market. >> the wage number was important and this is good on the way to run as well. wages are just about 2.5%, it is still not strong. inflation is bouncing around so real wage growth is pretty muted. people are dipping into their