bob: i think the growth piece is critical in the difference of i.g. and high yield. i.g.s more rate seasons sens tiff. we had a decent move flates. it's not a shock your higher grade, more duration sensitive bond market, corporate market has suffered relative to high yield which is -- has a much greater sensitivity. if you look at high yield returns by rating, the highest quality, double b, which is the most rate sensitive, is flat on the year. the triple c has been all the performance. that strikes me as fair given the growth impulse that's going through the economy right now. i do think it's critical to keep in mind some of this -- no doubt some is organic growth. some is fiscal impulse that will start to fade, likely peaking in the fourth quarter. jonathan: how do you allocate over the next 12 months, bob? bob: less willing to allocate in high yield. you are likely to earn your coupon if everything goes well. i.g., some of the sectors that have traded poorly look a little more interesting as long -- given our vute fed will keep going a bit, not likely to meet the risin

that, the deputy attorney general convenes a meeting to convince the president, we need to have the i.glook at, this that's where we stand right now with declassification. this is a whole new escalation. >> sean: can't take 18 more months, congressman. >> it's ridiculous, sean. >> sean: i agree with you. >> i don't have a problem with i.g. i want it declassified. >> sean: i agree whole heartedly. a second -- a real special counsel ought to be appointed. the fbi director saying today he won't say whether or not the president is being wiretapped today? are you kidding me? >> i mean, yeah. i don't know -- some of that questioning goes in little different directions. let's go back to the main point here that we really need to know at the start of the special prosecutor, special counsel, when remember, people are losing sight of this, that the chief investigators at the time had no evidence of trump campaign colluding with russians. and so why do we have a special counsel in the first place? >> sean: looks like lisa page said they have nothing in nine months so they start a leak strategy. it

we take a look with jingyi pan, i.g. asia markets strategy.nse the washout from last week, you have more opportunities now? or do we have to brace for more volatility to come? haidi. good morning, from the situation we see in the market, what we have today is a little bit of an oversold rally, as you mentioned earlier this morning. seeing a bit of change, and of course counting on earnings, against the wider drop from last week. that said, i think the outlook is still a little risk uncertainty. moving forward, after earnings season, i think there are still items, including the trade stillns, that is something to keep a watch on. haidi: the strong set of earnings we had overnight, the that giveflix, does you confidence the fundamental growth stories for corporate america remain intact? jingyi: certainly, haidi. i think what we have seen with the expectations, coming in 20% there is the s&p 500, still a slowdown from the previous two quarters, but that is something the market had long anticipated. moving forward, i think that will be the next ke

fed continues to raise rates, think one other aspect to be aware of is the change in the size of the i.gmarket and how it has grown exponentially. as you get closer to recession or toward the end of the cycle, if you see downgrades into high yields it is a factor you need to consider as well. jon: on credit? >> i'm drawing a blank. we have 7% yields in high yields. i think it is a threshold that matters to people. with the rate rise, we can see further spread compression. we would be buyers into the end of the year. technicals and fundamentals are looking good. jon: a bullish group today. up, netflix dangling high yields to investors in a $2 billion junk-bond offering. that is coming up next. this is "bloomberg real yield." ♪ ♪ jon: i am jonathan ferro. this is "bloomberg real yield." netflix was the headliner for the week in high-yield. the company sold more than $2 billion. they had to offer yields at the high end of the price expectation. u.s. debt investors are helping to finance on the future of the wheat industry. it sold more than $2 billion of bonds to boost its stake in the cana

the i.g. -- i am not finished. the i.g. report indicates that cbp has detained children, not only has cbp detained children but longer for that is statutorily allowed. how do you reconcile the report with your testimony this morning? >> we do not detain children. when we apprehend them at a border patrol station we process them and as soon as there is room in an hhs facility we transfer them. because of the vast -- >> does the processing involve detention? >> we -- it's not detention facility. >> do they stay in cbp custody and spend spend the night there? >> we are not able under the law put them anywhere else so we will care for them until bed space opens at a detention facility at hhs. >> in other words you do detain children? >> in other words, we do not have enough detention facility at hhs because 10,000 children were sent here unaccompanied and their parents chose to do that. >> thank you. >> senator paul. >>> secretary nielsen, you're a member of the committee on foreign investment in the united states? >> yes, sir.

i think i.g. is different. there are opportunities.n you adjust for everything, the spreads were incredibly tight earlier in the yield. it seems unlikely we will go back there. in high-yield, if the fed succeeds in not killing the economy and we have a moderation in growth, and this goes on for a couple, few more years, i think the technicals could move the market quite a bit. jonathan: marilyn, do you share that view? marilyn: i think also as we move forward and the fed continues to raise rates, even if it is at a more gradual pace i think one , other aspect to be aware of is the change in the size of the ig market, and the triple b space, how that has grown exponentially when you compare it to the double b space. as you get closer to recession or toward the end of the cycle, if you see some rating downgrades from triple b into high yields it is a factor you need to consider as well. jonathan: a final word on credit? rachel: we have 7% yields in high-yield. i think there is a threshold that really matters to people. within the rate ri

of notable banks it's also these sanctions are also targeting organizations that are supporting the i.g. or see the efforts to basically send out mercenaries to other countries to participate in civil wars in other countries notably inside syria and it also is an effort to basically try to send a message to companies in europe and across the middle east that there will be wrapper if they continue trying to do business with iran that the u.s. could essentially shut off its own business relationships with these companies and with these countries if they don't basically tell the trumpet ministrations lines which is to try to isolate iran and to try to hold it accountable for what the government in tehran would argue its right to have its own foreign policy and this is to come into effect immediately roselyn because there are foreign member rightly of the sanctions due in november. that's right these sanctions that were announced by the treasury department in the last hour are effective immediately and they are taking advantage of existing presidential executive orders which allow for an im

according to the "washington post," the most recent i.g.ort concerns allegation zinke tried to secure free travel for his wife in government vehicles. any non-government employee is supposed to reimburse the government for those kinds of trips, but zinke allegedly tried to get his wife a volunteer job at the department so she could travel with him for free. zinke has repeatedly denied any wrongdoing. the secretary is also being investigated separately for a few different matters,cl ing: his involvement in a land deal in montana that could benefizinke and his wife; zinke's reversal of a decision to grant a casino in connecticut-- after meeting with lobbyists from a different sino operator; and his decision to redraw the boundaries of two national monuments. for more on these questions, i'm joined by the "washington post's" juliet eilperin. juliet, welcome back to the "newshour". you are one of the rep bters who helpeak the most recent story about the questions over zinke's wife's trae vel. thve been other questions about zinke's travel and u

permanent subcommittee on investigations, and there are two folks who have come to now return in the postal i.g.'s office, ask one of them is felicia hawkins. i'm going to ask her to stand up briefly. sitting next to her is alex fisk. alex has returned to postal service a couple years ago, and i just want to say thank you very much for your continued service to our country. we're going to miss you guys. >> thank you for your service. senator jones. >> does that 30 seconds go against me? >> you've got the full seven minutes. [laughter] >> thank you, mr. chairman. and thank you both, to nominees, for your willingness to be here and for your service. i really appreciate it. dr. dillingham, i want to ask a couple questions about the census, and you answered senator hoeven's questions, and i had very similar questions about rural america, because, you know, 55 out of my 67 counties are rural. so i would appreciate being updated and continuing the update on how we're going to reach out, because there's so many of them that are also not served by the internet, and it's going to be a real problem. the

there are two folks who have come to us as detail has now returned to work in the postal i.g.'s office. if they could stand up briefly. alex has returned. the postal service a couple years ago, i want to say thank you very much for your continued service to our country we're going to miss you very much. >> senator jones? >> does that 30 seconds go against me. >> thank you both for the nominees and your willingness to be here and for your service. >> i want to ask a couple questions about the census. you answered senator hogan's questions, i have a similar question about rural america. i would appreciate the update. there are many that are not served -- the other area that it seems to me -- the statistics i've seen -- coverage of adults for the census has improved a good bit since 1980. there's still a net undercount of young children. that's been increasing, according to the census bureau's own data. the 2010 census missed a million children under the age of 5. because the census count -- there's so much that depends on the census count. whether it's for head start, medicare, s

it turns out there is an i.g., an inspector general report for homeland security that came out, and i think the date was november 30, 2017. and here's what the inspector general found. he said, according to ayes, -- i. c.e., overall program compliance for all five refugeeson is an average of the 9% for i.c.e. check-ins and appointments as well as 100% attendance at court hearings. 100 %, you can't get better than that. an inspector general saying 100% attendance at court hearings. so if you hear a member of the senate saying, well, we're concerned about this catch and release because people don't show up for their hearings, that is a lie. that is inkralt. -- if you hear the president say, well, we're going to lock families up if they don't appear for their court hearings, that is inaccurate. that is a lie. inspector general of this administration found 100% attendance at court hearings. so fortunately, members of this body have come to their senses, rejecting the language from the house. fortunately members of the senate have come to their senses and abandoned their effort for now at