brian rehling of wells fargo investment institute and jonathan duensing.xt, the auction block. it has been a busy week for debt deals. that included a newer -- relatively new entrant into the market. michael sailor's company strategy with the sale of convertible debt that will help buy more bitcoin. this is "real yield" on bloomberg. sonali: this is bloomberg real yield. time for the auction. we had a good pace of global debt sales this week. we start in europe. primary market year-to-date volume reaching 500 billion euro. the shortest time ever. u.s. companies among the sellers this week as the trend of the so-called perverse yankee deals continue to grow. in the u.s., high-grade weekly volumes of more than $52 billion easily outpaced dealer expectations. notable names included hca, j&j, cisco and barclays. two high-profile offerings from the treasury this week. we had a 20-year sale and the 30-year tips sale with the highest yield since 2001. we will speak more about issuance this year, i guarantee you. secretary scott bessent on bloomberg surveillance a