still with me is priya misra, krishna memani and jim schaeffer.is 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 and -- 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

still with me, priya misra, krishna memani, and jim schaeffer.ost like the g20 has suffocated the whole agenda. there is a lot going on next week. priya: the uncertainty around trade is dwarfing it. the report should been a big deal, but we know the u.s. economy is doing ok. i don't even know if you see the slowing in the economy we are expecting showing up in payrolls. it has to be forward-looking expectations. talk around trade, opec, all of that will dominate. jonathan: all of the high-frequency data. one piece of five frequency data is the initial jobless claims. anything to worry about? krishna: these are highly volatile theories. i will not jump into it except for the fact that the market is expecting a downward trending growth expectations. if you see a supporting deal, you grab onto it and do things with it. at the end of the day, i think priya is right. the u.s. economy right now continues to do well. it will slow in the next year and the fed will react accordingly. jonathan: are we all suffering from confirmation bias? krishna: of cours