with me is henry peabody, subadra rajappa and ashok bhatia .ring up the chart of the week. for many it is the chart of the year. many people thought it would get steeper. a lot flatter, the yield curve. take your place in looks something like this. a bounce over the last couple of days, but the trend is pretty clear. what is the signal, the message that comes out of that chart? subadra: you have to look at the yield curve and context of the current market environment. you have technical factors like the treasuries refunding announcement last week. they will be focusing more on issuance. that puts pressure on the backend of the curve. a rallying on the backend. you also have some longer-term secular trends that are keeping bond yields at the long end of the curve in check. demographics is an important thing for considering. you also have the savings g lut, entremed is the man from overseas accounts. -- and tremendous demand from overseas accounts. at some point you will become a concern for the fed if it does get to be too flat. one, it will rea

henry peabody, subadra rajappa and ashok bhatia. get a check on where bonds have been this week. treasuries, yields up higher at the long end by about seven basis points. we have been talking about a flatter curve through the week. to end the week, you end up with a steeper curve to finish the week. still ahead, the final spread. week ahead featuring the continuation of president trump's trip to asia. this is "bloomberg real yield." ♪ ♪ jonathan: from new york city, for our audience worldwide, this is "bloomberg real yield." i'm jonathan ferro. time for the final spread. coming up over the next week, the president of the united states continuing his first official trip to asia. participating in the summit over in the philippines. you have draghi, yellen, and kuroda at the ecb conference. u.s. economic data includes cpi and earnings from walmart as well. with me around the table is henry peabody, subadra rajappa and ashok bhatia. subadra, earlier this year it felt like these guys were all on the same page. some got together in portug