eric nelson, your take? erik: one thing that is underrated is we have seen this curve sliding on a global basis. it started with the fed at the june fomc with the dots. expectations of rate hikes being pulled forward. we have heard from other central banks outside of the u.s. that are talking about raising short-term rates. the move down and long in yields has been a global phenomenon, driven by this transmission which runs counterintuitive to what you would think. hire short and yields does not mean higher along and yields, sometimes the opposite. jonathan: jim bianco, that is what we have seen. some may say this is just a monster short squeeze. i know that you don't buy that. jim: as a caveat, there is no good data on how short the market is, but the data we have suggests the opposite, that there was not a short in the market. it is a rush of people looking to get long. it looks like the mirror opposite of march. march was everyone getting short when we hit 1.80 on the 10 year note. when we hit 1.25, it lo

i know what it is like to sit in eric nelson's chair. the defense attorney. have been in jail cells with people like derek chauvin. you don't just give leisurely advice, you give moral advice, there are tears, you talk to families, it is hard. i also understood that even though the floyd family had a degree of satisfaction, that they realized george floyd is not coming back. his daughter will not have him to escort her down the aisle one day or wherever. but there was a degree of feeling like, you know, we were able to accomplish what we set out to accomplish in that gave me a certain amount of relief. i mean, i was not sure what was going to happen. history was on derek chauvin side, you know? only seven police officers convicted of murder since 2005. i remember bonnie king. i remember walter scott in south carolina. it took four years to charge jason van dyke, who killed laquan mcdonald, and these are very events. i felt like a degree of we got it done. a.g. ellison: professor, -- joshua: professor, what about you? prof. katyal: i have to start by saying, t