ashok: i will pivot quickly.e see risk focused in certain id sectors, focused in interest rate sensitive double b high-yield segments. you don't want to over exaggerate these risks. the issue with the sovereign bonds issue is you have japan thinning 10-year bonds at zero. european at negative. those are two big gravitational pulls. can we get to 270? absolutely. is it a bigger story than that? we don't see that right now. jonathan: everyone sticking with me. henry peabody, subadra rajappa and ashok bhatia. coming up, the auction block. last week, tim cook opened the doors for the sale of the iphone x. this week, he was selling off bonds. high-grade issuers shrugging off market weakness. this is "bloomberg real yield." ♪ ♪ jonathan: from new york city, i am jonathan ferro. this is "bloomberg real yield." i would like to head to the auction block now. high-grade issuers very much fall to the head. we begin with apple. the iphone maker sold $7 billion of unsecured bonds in six parts. it looks to find stock buybacks

joining me is henry peabody, subadra rajappa, and ashok bhatia. ashok, the situation in credit.have seen this movie twice already this year. in the spring, again in august, and now as we approach the december and end of the year, will we see what we saw earlier in the year? we rollover than roll back up again? ashok: i think this one is a little different. best guess is credit spreads are probably in for the year. there are two things a little different about this selloff. there are some fundamental deterioration, whether it is in some of the telecon names, retail names, pharmaceutical names. there are some real disappointments. it will be hard to re-rate these credits near-term. the second thing is, we're seeing a hospital and senate bill with tax reform. these are creating winners and losers. some of the losers will be in things as varied as hospital bonds in the municipal market potentially, to cruise ship securities. we are starting to figure that out. as we focus on the winners and losers it will be something a little bit of an overhang. jonathan: henry, the same thing. it

she was beaten by a single shot by the indian teenager aditi ashok — hall said her poor putting let her but returned to williams after va ltteri bottas moved to mercedes following the retirement of world champion nico rosberg. massa won 11 races over his 15—year career and says this police are ramping up security for tomorrow's new york city marathon in the wake of the deadly terror attack that took place on tuesday. this year's race is expected to draw millions of spectators across the five boroughs. austin halewood reports. the marathon will go on because new york goes on, the words of city governor andrew cuomo in the wake of the terrorist attack that left eight people dead in lower manhattan. the new york city marathon is the largest of its kind in the world, and just five days on from the atrocity, despite a shaken public, organisers believe it is important the race goes ahead. new yorkers are resilient. they love to make statements, and this is a way to make a statement, to come together and show the world that, you know, we don't hide. a bigger police presence than ever before is

despite a joint—best round of 66, she finished runner up to the indian teenager, aditi ashok, missing himself a great chance to win his second tournament in two weeks. he shot 64 to move to within two shots of the lead at the turkish 0pen, with one round to play. he's 12 under par, after winning the wgc championship in shanghai last weekend. to cricket now, and both england's men and women are in live action this morning. joe root‘s side are continuing their ashes preparations with their first warm up match against a western australia 11. it's just a two—day match. yesterday england posted a score of 349 and in reply today, western australia are 265—for—6. james anderson with a couple of the wickets for england. england's women are gearing up for the stand alone ashes test match against australia, starting on thursday. in their second innings, england have declared 305—7, a lead of 265 runs, setting australia the target of 306 to win there are currently 69—2. felipe massa says this season will definitely be his last in formual 0ne. the brazilian intended to retire at the end of last y

an eagle and six birdies mean she's 12 under par — trailing india's aditi ashok by three shots at theall is also contention despite a bogey on the 14th. she's just a shot behind givens. before we go, let me show you triple tour de france champion chris froome as you've never seen him before. no, he's not a yellow lawrence of arabia, but he could possibly have a career in martial arts movies after he stops racing bikes. this was the pre—race entertainment ahead of the saitama criterium injapan. as you can see, ninja froome is clearly not a man to be messed with after displaying his considerable throwing skills. let's head back to 0lly at hyde united. many thanks indeed. yes, we arejust over an hour away from kick off here, at hyde united in the 8th tyre up here, at hyde united in the 8th tyre up against mk dons, the gates are open, 3,000 expected. i spent a couple of hours here and i was talking to their top scorer matt beadle. he has been here less than a year, he was a top scorer last season. he has been the man they look for, for their goal, already five in the tournament so far, he

an eagle and six birdies mean she's 12 under par — trailing india's aditi ashok by three shots.t round proper of the fa cup gets under way this weekend — and tonight the non—league side hyde united are hosting league 0ne's mk dons. it's live on bbc two and our own 0lly foster is there for us to present tonight's fa cup sportsday at 6.30. so 0lly, what will you have for us, could there be an upset? provocation, as hard and unjustified as they are. similarly the club can only condemn destructive behaviour by pseudosupporters who insult their own players when people must support their team. that is the stance the clu b their team. that is the stance the club is taking. 32 non—league teams are left in the fa cup, this is when leagues one and leagues fa cup, this is when leagues one and lea g u es two fa cup, this is when leagues one and leagues two enter the fray, the 48 teams from those two division, and non—league hyde, they play in the eatingth tier in the northern premier division one. they have mk dons, that was their reaction. they wa nted dons, that was their reaction. they w

despite a joint—best round of 66, she finished runner up to the indian teenager, aditi ashok, missingy today, western australia are 117— four. the women are gearing up for the standalone ashes test match against australia starting on thursday. in their second innings, england 233— seven. three wickets remaining and england are doing battle on both men‘s and women‘s fronts. the first ashes test for the man is november 23. the women are in the thick of it. the test tends to bea the thick of it. the test tends to be a fita the thick of it. the test tends to be a fit a little moment. the thick of it. the test tends to be a fit a little momentlj the thick of it. the test tends to be a fit a little moment. i must mention. england‘s deaf rugby team on tour in new zealand at the moment and beating the all blacks is almost impossible but they did it. i don‘t know how long the series is but they defeated them 36— 27. phenomenal. know how long the series is but they defeated them 36- 27. phenomenal. we will look for that so it is good to see the pictures. we will hunt around and see if we can fi

despite a joint—best round of 66, she finished runner up to the indian teenager, aditi ashok, missingply today, western australia are 208—for—4 at tea. james anderson with a couple of the wickets for england. england‘s women are gearing up for the stand alone ashes test match against australia, starting on thursday. in their second innings, england have declared 305—7, a lead of 265 runs, setting australia the target of 306 to win crucial test match for england‘s woman. and if they don‘t win, that really is... not technically over and out, but basically. they had a pretty shoddy start, didn‘t they? it was those going to be tough to play australia, widely agreed to be the best side in the world, something to do with the pressure, i think england‘s woman really thrives on pressure and they came back on the third one. so they are in the mix now but it‘s a point —based system and there are so many points allocated to the test, naturally, if they don‘t do well in the test, if they don‘t win the test, they are so many points adrift going into the t20. so it‘s a tough test. football this aft