still with us, geraldine sundstrom at kimco. get inflation right, i guess you get all your trades right. asset managers are betting this way. which way are you betting? geraldine: for this friday number, we think the consensus is probably close to the right point. this inflation has been absent. we have been waiting for it for a number of months. at the moment, the market is telling the fed, you are a liar. there is no inflation. the fed is still consistent in thinking they might hike rates. so depending on the inflation number, a lot is at stake. either the fed is right for the market is right, but not both of them at the same time. francine: treasuries will move on the back of it either way. i'm looking at inflation through the breakevens. you have the 10-year rate in white, the 30-year rate in blue. what do you see? geraldine: the market doesn't believe the fed is going to achieve the mandate. i would say there's a technicality thatfrancine: treae on the back of it either way. the number is not to percent, but slightly higher