marilyn watson, bob michaels, and jean put it so --gene panuzzo are still with us.ene: there is definitely froth in the market. bond yields are plummeting to the lowest levels ever. it speaks to the backdrop we just talked about, central banks are causing yields to evaporate from markets. investors are finding yield wherever they can find it. right now, there is a shortage of income producing assets. the asset class has been a beneficiary in a bit but sweet spot. fundamentals are strong. default rates are coming down quickly. it is amazing in an asset class like i yields how allowing companies to extend maturities can reduce the default rate. we have built a bridge. now, earnings are coming down. i think investors have become comfortable with high yields. but, history would tell us that investing in high-yield companies, particularly credit -- triple c's with these credit spreads tends to have about outcome -- a bad outcome, particularly after 12 months. we have been cautious in the triple c segment. what we own their tends to be significantly under yielding broad m