is kathy jones and brian rehling. rgan stanley asked the simple question, what if things are better than we thought? are we finding things are ok? kathy: i think we are ok. the big question two weeks ago is are we going to negative yield like the rest of the world? that is so two weeks ago now. now everyone is worried about the upside in yields. jonathan: let's think about where we have been in the past 10 days. in and around 1.40, and backed up all the way back towards 2% almost. that is a huge move, kathy. couple of fair value models for tenured treasuries, and we have value at 1.85% 2% anyway, so we are getting back from oversold to what would be considered fair value. jonathan: that is the big debate for people watching the program. over the weekend, it will be the big debate. brian, you do you frame this as saying this is a correction in the context of a massive move in 2019, or the beginning of something else, a new trend. brian: we have seen this story a couple of times where you get risk off, risk on, and then

joining me around the table, kathy jones of charles schwab, brian rehling of wells fargo. thy, morgan stanley star than the week asking a simple -- started the week asking a civil question, what if things are better than we thought? are we finding out they are ok? kathy: i think we are ok. the big question two weeks ago is are we going to negative yield like the rest of the world? and that is so two weeks ago now, right? now everyone is worried about the upside in yields. jonathan: let's think about where we have been in the past 10 days. we have gone from in and around 1.40, which is the intraday low, and backed up all the way back towards 2% almost. that is a huge move, kathy. kathy: we use a couple of fair value models for 10-year treasuries, and we have fair 1% to 2%-ish area anyway, so we are getting back from oversold to what would be considered fair value. jonathan: that is the big debate for people watching the program. through the weekend, it will be the big debate, into next week. brian, we are back to the 1.90 percent on the 10-year. do you frame this as this is