sticking with me is kathy jones and kathleen gaffney. coming up, a record week for treasury issuance. it went fine. that conversation is next. this is "bloomberg real yield." ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." i want to go to the auction block now, where there were record auction blocks for the 10 year bonds and 30 year bonds. $18 billion for 30 year or so. it went fine. on the corporate side, more bonds sold than in the previous two weeks combined. one highlight was starbucks, $3 milliononed off of seven year, 10 year notes. issuance was nearly $9 billion, the second busiest week year to date and the most active since march. a high demand auction was bmc, it's saw $4.5 billion for the $1.5 billion issue. talking to securing funding, we now turn to elon musk and tesla. questions remain, is funding really secured or not? nowlon musk of tesla tweeting he is considering taking tesla private. >> going private at that level would not make sense. >> there is no mention of financing at all. even though he tweeted f

kathleen gaffney, joel levington, and kathy jones. want to get a market check of where bonds have been, stable until today. the 10 year treasury yield down by eight basis points. on thento the backend, 30 year. a big week for retail, with earnings and economic data. this is "bloomberg, real yield." jonathan: i am jonathan ferro. this is "bloomberg, real yield." it is time for the final spread. over the next week, will be keeping an high on news around tesla and a board review of elon musk. we get retail data and data coming out of the eurozone, including cpi and a lot on the u.k. including retail sales and cpi. still with me, kathy jones, joel levington, and kathleen gaffney. this week, there is a news flow with important moves from the most talented portfolio manager on the planet, dan iversen, trying to separate away from the central bank they have provided -- the accommodation they provided to the central bank for many years. we think this means lower return and higher volatility. this creates a more challenging investment environm

jonathan: joining me around the ande is kathy jones, luke, coming to us from boston is kathleen gaffneywe are going to get to broad em in a moment. i want to focus on turkey. kathleen, looking at the way they have handled it. what can they do to regain credibility? >> they are running out of options. they do not have credibility and looking at currency, there is fear and uncertainty. it is also an important country in terms of geography, relationships, and trade for europe in particular. at some point, a solution must be found. jonathan: kathy jones, looking at this situation, is the management of the crisis a crisis or the crisis? >> they were already fragile to begin with because of the large current account deficits. since the election, since the changes at the central bank, you have a lack of credibility compounding it. they do not have a lot of good options. they could raise interest rates, tighten fiscal policy, go to the imf. none of those are palatable. jonathan: they are not asking for help. for our u.s. audience, it is the equivalent of having jared kushner pushing out jay pow

still with me, kathy jones and kathleen gaffney. joining us now, joel levington. kathleen, your thoughts on what an episode we have had with tesla this week. how unusual is this for a credit like tesla to be acting like this at the top of the company? >> it is unusual. i do not know whether it is the heat of the summer, but egos are prevailing in the markets over the last week or so. it is also indicative of where the technicals are driving the market. it is all about, what will the market bear? it was just over a year ago we were talking about tesla and how attractive the new issue was. on a relative basis, it looked attractive. all of a sudden, the market is shifting because there are demands in the public market. there is a lot of appetite for private debt right now, because it seems attractive in terms of long-term returns. is it just one more trap that tesla is getting into without understanding the way markets work? jonathan: the one-year anniversary is next week. for that maturity, a record low yield. what changes of that note? with the few details we have,