joining us is deputy chief investment officer jeff sherman. what's the strategy around fixed income right now? >> sara, it's been the same trend we've been advocating for really through the course of the summer. this is having a balanced portfolio of risk. when i say don't add to credit, it doesn't mean you should own credit. this is not the time with yields where they are today to be going down and reaching for the bottom tiers of credit. you can be good enough in the credit markets today, we have investment grade bonds that yield 6% today in corporate credit u.s. you have high-yield bonds at the upper end of the higher end of the credit ratings that yield in the 7%, 8%, 9% range. so, there are places in the credit markets that still make sense. but in order to do that and be comfortable with some of those risks, why not own some of this treasury market as well? so, as you mentioned, we went over 5% in overnight trading this morning. and it seems like it all of a sudden is a catalyst when the u.s. market woke up, that 5% mark. it really sent

guy: this is bloomberg markets, coming up, jeff sherman joining bloomberg television at 1:00 p.m.his is bloomberg. ♪ >> he's more interested in securing tv interviews than doing something. he wanted to push us into a shut-in -- shut down even threatening his own district saying that all the military people would not be paid even though he wants to bring this motion. bring it on, let's get it over with. guy: you had one i and d.c. on one eye on the ryder cup this weekend depending on your level of interest in both areas you maybe had two eyes on one for a while, i'm talking about the ryder cup. that was kevin mccarthy over the weekend. he is addressing the news that representative matt gaetz of florida will try to eject the speaker from his post. the director of economic policy joins us now. how safe is kevin mccarthy right now? >> i think he is very safe. i think matt gaetz is about to be seriously embarrassed and i think a lot of the house side would be happy with that outcome. alix: is that because some democrats in the house won't show up or won't be present if there is a vote