still with us is lothar mentel. mentioning treasury holdings by pimco. e is quite flat, but in it because of risk aversion, the yield has gone back of a bit. lothar: from that perspective, you could say the u.s. is still the one with the higher yield. if there is buying pressure around the world, that will spill over into the u.s. and perhaps lift the boats over there, i.e., expect the yield to go down again because there will be demand coming from the u.k., europe, and japan. best dealwhat is the if you were into bonds? i know you are into equities. is there a bond that seems undervalued for all they -- or all they are priced to perfection? lothar: is anything priced to perfection? it all looks quite odd. i don't see any obvious opportunity out there. i think there's a lot of speculation as to what the central banks will buy and you will be able to be bid higher. i think it is all a bit of a game this morning that the trading markets are doing. francine: again, will that end badly? lothar: it could peter out slowly. francine: so no violent moves for mark