jim keenan is joining us now along side: barton -- collin barton. m, it's been a relatively busy be globally for a lot of sales and activity with regard to investor repositioning. is this something people are trying to front run? jim: we are certainly busy. the new norm is a lot of volatility. there's an enormous about of uncertainty in the market in how the transition will go. it's a complete tug-of-war between a level of inflation or the direction of inflation, corresponding policy and what that means for growth. it will be something the markets will have to grapple with over the next year. i would expect a high level of volatility. as the market starts to foresee some shift in policy or a data point that could project that out there will be a lot of repositioning in a thin market. in august, we saw a lot of the risk -- de-risking in that space. caroline: pushing us forward, i'm looking at a 10-year yield down two basis points but pressurizing in the yield curve on the front end. i'm interested in your perspective on the longer-term yields if we ha