a lot of people know me as a portfolio manager on the chip -- aaa cto, crossing the billion mark for the etf, almost 3 billion in inflow so far, year to date. what we are telling people is that you want is high quality floating-rate, don't worry about interest rate volatility. you are getting close to a 6.5 percent yield. this is the ideal solution for many investors worried about interest rate volatility coming in and interest rate wrapper with investors getting the liquidity transparency tax advantage with low fees that most investors want. sonali: thinking about geopolitical tensions in the middle east and the bid in the bond market, it has waned, even on the shorter end of the yield curve today. what kind of role do treasuries play in an area of -- era of geopolitical uncertainty. kaiy: it's an important question. we have seen persistent positive correlation with stocks and bonds that have been focused on the role of inflation in the relationship and what is interesting is with geopolitical tensions you are seeing risk off tight behavior today and yesterday that has been absent f