when it comes to credit, oaktree 's daniel says that its holding of amid the market volatility. >> ito uncertain with the tariffs. what we found is that markets are resilient. credit right now is resilient. it's doing well. for those companies that are issuing deals are oversubscribed. you have a bit of a supply demand imbalance given how many investors are looking at credit as more of a foundational element in their portfolios. vonnie: joining us now is maureen o'connor, the wells fargo global head of high-grade syndicate, and the head of consumer abs and cmts at bearing. maureen, what have the dynamics been like in high-grade? obviously it seems like you would rush the high-grade insets such a volatile environment, but are we seeing hesitation? maureen: that it is a risk asset like anything else. the headwinds that our market experienced particularly early to mid march definitely impacted our market. we saw about a 20 basis point correction at the index level from the tights that we were sitting at mid february to mid march. we have settled back in. today is another softer day. i th