i want to bring in brian chappatta. like a yields rallied minute before the numbers came out.re just looking at that short-term chart. the data suddenly looking little bit less inflationary than it had seemed over the past month or so. >> absolutely. i think you look at the bank earnings early this morning, saw some of the loan loss provisions, which seemed good at first. in reality, jamie dimon, michael corbett, they were a little bit cautious. don't read too much into our declining loan loss provisions. we still think the economy has a ways to go. i think that combined with a mediocre inflation reading, combined to give bond traders a reason to think that the fed is not going to be hiking anytime soon and inflation may not be at 2% anytime soon. caroline: those treasuries that are in some way inflation protected. are going to get any sort of appetite for it? an: a how to train earlier this year. i think a lot of the appetite has waned for tips, for a lot of these inflation hedges. was they big reveal would do average inflation targeting. there is a lot of skepticism, proof y