look, thisack and has been a domestic driven bond market. most of the buying has been more u.s.nd based -- investors over foreign investors. we have had that shift. if we see foreigners come back in, that would be -- they feel like the fed is a most done. i'm not sure we are there yet. we still have a way to go. yields are getting high enough that there could be a detraction from foreign capital. the dollar story as well. i'm not sure it will be as before. been domestically driven on the buy side. with the lack of selling from china and japan is the reason why we are not so much higher. the fact that turkey is selling u.s. treasuries, russia is selling treasuries. is not a big deal. only when you get into the top two or three holders are you going to drive sellers hire. >> i want to ask important question. high-yield -- cycle, yourthis view on that and how you think this plays out from here. so, in the context that we are slowly getting less and less bullish rather than more bearish, we would be selling u.s. high-yield here. it is a case of rebalancing your portfolio. stuff to h