." ♪ ♪ taylor: i'm tayler riggs. this is bloomberg "real yield."t to head to the auction block and begin with asia. japan saw just under two trillion yen of negative yielding two-year bonds. the bid to cover ratio was 7.4 -- was 4.7 times close to the six months average. italy sold 2 billion euros of zero bonds due in 23 months. investors offered to buy 1.8 times the amount sold. the bonds were sold at a slight premium with a yield of -.005%. here in the u.s., the treasury department holding three auctions this week for 2, 5, and 7-year notes. demand for $32 billion for seven-year notes rose from the last option of securities with the same maturity. demand for two and five-year notes was lower than average. elsewhere, corporate credit is looking to finish the year on a high note with high-yield rallying for 16 consecutive sessions. wells fargo weighing in on the recent performance in the junk space. >> across high-yield, you are pulling in 2020 returns into 2019. there is a year-end squeeze going on as people scramble, looking for that recovery tra

." ♪ taylor: i'm tayler riggs. this is bloomberg "real yield." want to go to the auction block and begin with asia. japan sold just under two trillion yen of negative yielding two-year bonds. the bid to cover ratio was 7.4 times closed. italy sold 2 billion euros of zero bonds due in 23 months. investors offered to buy 1.48 times the amount sold. the bonds were sold at a slight premium with a yield of -.005%. here in the u.s., the treasury department holding three auctions this week for 2, 5, and 7-year notes. demand of $32 billion for seven-year notes rose from the last auction. demand for two- and five-year notes was lower than average. elsewhere, corporate credit is looking to finish the year on a high note with high-yield rallying for 16 consecutive sessions. wells fargo weighing in on the recent outperformance in the junk space. >> across high-yield, you are pulling in 2020 returns into 2019. there is a year-end squeeze going on as people scramble, looking for that recovery trade, where can i get the incremental yield, incremental return, ho