still with me is priya misra, krishna memani and jim schaeffer. s going on with leverage loans right now? jim: i think the market is getting a little concerned about what we saw from the earlier issuance this year. when you think about leveraged loans, generally it is logical there is a bit of demand for the asset class. it is defensive to the concerns of the market going into the year. rising rates. it is up in capital structure and leverage credit. if we are wrong fundamentally, you get higher recoveries. that led to a lot of exuberance in issuance. we saw aggressive structures in pricing. the loans issued a few months ago were priced aggressively. they had a lot of flexibility for the underlying borrowers. you get forward into the market, you see a little volatility because of the demand pulling back. you will then see an impact. the secondary issues will reprice. the primary will have more challenges. combine that with all the volatility we are seeing in the markets and concerns about growth in trade, that leads to volatility and it is somethin