let's bring in john bellows, portfolio manager for western asset, one of the biggest players in fixedcome. nearly $400 billion in assets under management. john, you think this move goes farther from here? >> thanks for having me this morning. you know, i think the discussion in the long-term needs to start with inflation. inflation over time is the single most important in bond yields, that's where the focus should be. over the last one-year period you just showed, the inflation developments have actually been very constructive. all of the parts of the inflation that we had in 2022 that were so problematic have mostly worked themselves out. you know, the supply chain situation is better. a lot of the planses ha sbalanc addressed. and today, inflation is much lower. over the last three months, core inflation is running 2 to 2.5%. so over that one-year period, the inflation news is unequivocally better. i think that's also made it possible for the fed to get closer to pausing. you know, they could hike again later this year. the market is priced for some of that, i guess. but i'm not su

john swindell had heard bull connor bellow about his fear. a mass of black protesters marching the white owned downtown. connor had demanded that swindell turn the hoses on any black protester who tried to march downtown. this this suggests an appalled swindle. he'd been able to deter connor but even argue he had even argued that the fireman's union strongly disapproved of fire hoses being used as, quote, crowd control. but with a deluge of protesters yesterday, bull had ordered to unfurl the hoses. swindell had again argued it just this morning. fire engines are tied to hydrants can simply walk away you, he said. so bull ordered swindell to put even more fire engines in the park, but said no one was walking or marching anywhere today. the jails were -- full. the message clear bow would beat the crowds because he could not afford arrest them. swindell could either obey boyle's order or be fired. chief swindell was not fired that day. the pep rally, the freedom anthems, the kids sweating from the exertion of swing of singing in the surrounding