program, goingis super long. the treasury looks poised to deliver ultralong debt. this is bloomberg. ♪ jonathan: this is bloomberg real yields are in -- yield. corporate on issuance has slowed after an uncertain backdrop is companies focus on refinancing and not dealmaking. with yields below previous auctions, demand will stable. here in the united states, leavesy stocks -- that them with a record low share. i want to bring back in the roundtable. a recent question, this from the treasury survey. it has the street thinking how long the treasury may go with ultralong securities. the question was as follows. price relative to the currency offering could treasury reasonably expect and ultralong to price? dealer body and is what it's going to take if you. great matches, especially for bonds, it's the day-to-day trading, the day-to-day risk that you are going to have to take on. satisfied whate the ratio looks like. it's going to be against the 30 year anyway. plus 20,spread does, plus 25. how are you going to trade that every day? that has to occur. it, think when they