caroline: joining us is winnie cisar credit sides and maureen o'connor of wells fargo. you see the economic data appease investors, what does the issuance calendar start to look like over the next couple months? maureen: the conditions in our market have never been better in the last 24 months to issue debt. while we are not at the lowest coupons we are sitting at the two year heights and spreads. if you buy into the narrative will be up against economic slowdown in the back half of the year that should put pressure on spreads fundamentally. no better time to de-risk your plans and get something done. that is why we are looking at our busiest ever first quarter. our expectation is that likely continues through the first half of the year. there are unknowns of the second half of the year. we are heading into an election cycle. it will be tricky never getting this new monetary policy regime but borrowers are finding an opportunity to tap into what her exceptionally strong demand dynamics. as long as the market holds up over the next couple of months it will still be an ac