with us, dominic bunning of hsbc. saw somebody yesterday in the zeitgeist say fixed income is so dead, everybody is going to the dominic running world because it is so much fun and it is so easy to make alpha. is that true? dominic: i certainly hope so. i have always said we are the place to be, the stories of the bond market vigilantes, they have been completely curtailed by central bank by. i think fx is to some extent becoming the new battleground in some respects. i think you see that in terms of central banks. we mentioned just before about the euro strength and the ecb's discomfort with that. i think that is something we will have to expect more of because the move to move on rates is so low in terms of loosening policy and loosening financial conditions. that is the challenge the ecb faces. they cannot loosen that much through the rate side, and when the euro strengthens, it has a real impact on tighter financial conditions, so i think fx is going to be much more in play with rates zero bound, and fx is going t