pgim, eric stein of eaton vance, and trey parker of highland capital. tense, and 30's making new lows. we are down 11 basis points on the 10-year. vogue again.her in a bank of england rate decision. we will discuss in just a moment. this is "bloomberg real yield." ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." time now for the final spread. goldman sachs revealed a plan to turn around performance of its core bond trading unit. apple with a much awaited launch of the new iphone. a state of the union address, not sure how many people are waiting for that. the bank of england rate decision on thursday. and we get retail data and inflation from the u.s. on the same day. with us, robert tipp of pgim, eric stein of eaton vance, and trey parker of highland capital. considering the events of the last couple weeks, is it going to be a couple of months for this to come through? >> i think there is definitely going to be a few months of pause in economic activity, a lot of it depending on the extent of irma hitting florida. harvey you are a soft

robert tipp, eric stein, and of course trey parker.ing up, the auction block the day after the u.s. labor day holiday. was one of the busiest so far for investment grade corporate bond offerings. this is "bloomberg real yield." ♪ jonathan: i am jonathan ferro. this is "bloomberg: real yield." i want to head to the auction block now. before the debt ceiling deadline was pushed back to december, we had a nervous market ahead of some bill auctions. look at this past tuesday's four week treasury auction. the highest rates since september 2008. $20 billion in bills sold at 1.3%. we are going to get into that in just a moment. august is over. blue-chip u.s. and european companies lined up to sell. one of those was apple. they sold $5 billion in four parts. the longest portion of the south, a 30-year security with the yield of 1.4 percentage points above treasuries. and despite warnings from disney and a subscriber loss of forecasted by comcast, investors still buying media debt in a big way. they sold $6.3 billion. the longest portion, $1.25

joining us robert tipp, eric stein, and trey parker.i want to begin with eric and talk about the four-week treasury bill this week. why 1.3%? why higher than the debt ceiling experiences we have had previously? eric: i honestly don't have a perfect answer for you, but it is one of the issues with the debt ceiling. i think we need more responsible government in washington, but the debt ceiling is a crazy way to deal with it. it is all about taxing and spending. those decisions are what need to be made. having this fire drill in markets where we all get excited, this bill is higher than that built and we might have a debt ceiling, it is more of a distraction than what is really happening. jonathan: 1.3% for one month money? >> it may sound like a lot, but -- and i hate to burst the bubble, but you have to annualize it. obviously, the u.s. is not going to default. if you say, what if they did, what did you get paid for that? it is a four-week bill. you are looking at like .02% in compensation. even if this thing got delayed, how much did y

decision.d policy we will speak with eric stein.etts mutual life insurance will share his investing outlook and more. for now, let's get a check on the markets julie hyman. investors seem to be a little bit cautious ahead of the fomc. julie:

decision.d policy we will speak with eric stein. ofs, roger crandall massachusetts mutual life insurance will share his investing outlook and more. for now, let's get a check on the markets julie hyman. investors seem to be a little bit cautious ahead of the fomc. julie: they are sort of on positive as they await for more details of that balance sheet wind down. they have been flirting with losses at different points today. the dow is a little stronger here. today, nore any gains matter how small, we could have new records for the major averages. telecommute occasions are helping things. telecom shares are the strongest . sprint and t-mobile are making a progress towards some sort of combination, but financials have also been consistently gaining as we see interest rates rise going into that fed meeting and announcement tomorrow. over the past couple of meets -- weeks, the rate into the stocks are seeing some interesting moves. this is the two week 10 year yield at an 18 basis point klein. an incredible move as we go into this meeti

stein inank you, eric hong kong. we have much more ahead.ou can get around about that story and many more you need to know to get your day going in today's edition of daybreak. bloomberg subscribers can go to dayb on their terminals. it is available on mobile in the bloomberg anywhere app. you can customize your settings so you only get the news on the industries and assets you care about. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. citigroup is inspecting trading revenue to fall 15% in the third quarter from one year ago and says volatility remains somewhat subdued through the group's chief financial officer says the fall is ahead of the u.s. election. the lowest quarterly figures since the final three months of 2015. have beend to called in over claims of bribery. the allegations relate to misconduct in which the bank is a shareholder. they told the u.s. justice department about the allegations last year after they audited and uncovered potential and appropriate payments. is $19.2 billion , not to

i'm joined by eric swalwell who sits on the house intel committee. i'm over wewhelmed and it showsw jill steinin states like michigan where she got 51,000 votes, the marvin between hillary clinton and trump was 11,000. five times the vote. in wisconsin, she got 31,000 votes. trump won by 21,000. so if there was a conniving here, a strategy to destroy the election for hillary by dividing up the left and center vote, it worked. my question to you, when they write the history of this campaign, will they write that the russian involvement in dividing and conquering the political spectrum was decisive? >> chris, good evening. also note the level of sophistication. the hash tag on what you just read said "grow a spine, vote jill stein." that was an idiom. the smartest political scientists in russia probably wouldn't understand how to use u.s. idioms. they were trying to alienate likely clinton voters and peel them out of the way. that's what we're seeking to understand. >> do you know the technology that would prove what you just said, how facebook was used, how smart intel spotting on the ground, l