still with me are bob miller, jim karen, and margaret patel. aret, to begin with, you want issuance, it was a very dry december. i want to get my hands around the maturity yield that will build through 2020. how big is it? margaret: i think the supply will continue to be relatively low. especially with this move up in rates. a lot of what would have come as issuance has been drained into the loan market rather than the high-yield bond market and that's a reason why supply has been so low. i'm not looking for any big increases in high-yield issuances this year. jim: i agree. i think the maturity wall is nothing to worry about, the yields are also higher right now. they are almost 8%. last year, they were at 5.8% to close out january. i think there are some opportunities. the economy is slowing but it's not collapsing so default risk will still be in the low 2% level, versus the long-term average of 3% to 4%. i think there is still opportunity there and with lower supply, you will be better. bob: i agree with that. i think risk premiums have been

haidi: we appreciate you joining us, margaret patel from world capital management.ome here on daybreak asia. this is bloomberg. ♪ shery: this is daybreak asia. urged chinaalia has and the u.s. to adopting a cold war mentality that could damage the world economy. they told bloomberg escalating tensions between the nations could overshadow the more important issues of the region. >> they tried discussion between china and the u.s. and it is not supportive of free trade. so we do not support our closing markets putting up barriers going back to the isolationism of the past, because it reduces prosperity and well-being of our people. the rivalry between the u.s. and china can be a healthy one because competition is always healthy. when it spills over into a cold war mentality, which some people have said it is, if it did do that, it would be unhealthy across our region and we want to mitigate that. >> at what point do you think of could get to those levels? who do you think will blink first in a resolution? >> i think china and the u.s. both want to grow their economies