before the lowest put in place now the march madness of a bond deal by puerto rico was the largest high yield muni deal ever anneke puerto rico much needed cash but how do these bonds trading in light of recent how are these bonds trading in light of recent developments. you know it's very interesting i've been watching them some of closely is that they're starting to treat on a two tier basis what we see is and we had talked about this last time we were together which is that the hedge funds who come in you know playing very actively in this credit now and this. for general gration binds in so big blocks plus five hundred million dollar blocks the bonds are trading at a higher price and the smaller blocks of bonds which is very unusual typically it's the other way around which is shows you that there's a premium that you have these big players in the general abrogation that they're very interested you know. so it's there's a lot of moving pieces but i think that the basically the ring fencing is work where we're seeing you'll differentials between those bonds that are protected under this legislation in those bon