we might have lost george con -- george goncalves. subadra? subadra: i'm happy to answer that. agree. two george's point, you look at the attractiveness of treasuries or bonds or any of the other european sovereign bonds for japanese investors or any foreign investors, what you see is the return is not very attractive, so in some respects, if you are sort of relying on foreign demand for global bonds, then you are going to need to see much higher yield levels than where you are now, and a lot of it has to do with the sentiment. the currency, the dollar especially, has been extraordinarily strong, so you will need to see more concessions before you see foreign investors come back and the market -- back into the market. bond markets globally have been extraordinarily volatile. particularly when there's this level of volatility, you don't see before investors step in to buy in and participate in the bond market. jon: subadra, george sticking with us. still ahead, an ecb rate decision and more remarks from chair powell. that's coming up. ♪ jon: live from new york, i'm jonathan ferro