with us this morning to translate inner equities page -- space and across all asset classes is kate mooreition for dividends? kate: i don't think quite yet. in the u.s., we will see significant increases in payoffs because of that tax windfall. ratesre a level at which compete with dividend payments? tom: there is a path looking down transports and utilities. what did dow utilities or s&p utilities tell you? kate: what you are seeing from price performance what is going to cushion you in the next rapidf, especially with repricing in the term premium. i think people need to rethink what safety means in a portfolio, and that some of these higher dividend paying stocks that do not have the ability to keep up with inflation and not have -- and do not have strength of their own. where do you see the 10 year yield going, and is there a danger that if it touches 3% and goes back down, it brings volatility with it? kate: i think the speed of the rise in rates is what we have to worry about. a slow grind higher is what we are all expecting. -- rather than today, and what i am watching very closely