. >> so, that seems like it is the case, lindsay piegza, petal picking aside. if you look at the treasury note, the bond market right now, we had an auction go off in the past hour, 2.65 dollars of bids, robust demand for yields of 1.35%. dealers only had to take down 10% of the overall offering. that, to me, says there is still robust demand for that type of security with low yield even in an enenvironment like this, where inflation is part of the picture. >> inflation is part of the picture. and we need to add into the conversation that while there is some data point supporting the idea that at least a good portion of the price pressures may prove transitory, one thing we haven't heard the fed address is wage pressures and wage pressures may prove more sticky and complicate the inflation picture both for monetary policy and the broader economy going forward. as we see this labor supply gap in the labor market, continue, businesses have been very willing to offer bonuses, incentives, higher pay to pull those workers back into the market even after we start to