sonali theisen.thout laughing little bit. a sonali wall street takeover. it's a good time to talk about bonds. there are concerns when i think about the bond market and liquidity. the idea we have seen such exacerbated moves. how worried are traders being caught off sides given one piece of data can send the market soaring another way? sonali t.: it is certainly true that investors and traders have a lot on their minds as we go into year end. traders are taking views on the shape of the curve, thinking about rate hikes, rate cuts, windows may happen, geopolitical risks, the u.s. election upcoming, credit dynamics. there is no shortage of things. i think our role is market makers is to provide liquidity in all of these scenarios. traders are looking for that steady provision of liquidity, prudent risk management and that is what we are working hard on each day and the tools we build to do that really help us do so. sonali: those are factors that set us up into 2024. we are near the end of a rate hikin