and misha patel, former portfolio manager of fixed income at parametric. i want to talk about with the 10 year has looked like over the past year. since we saw the high-back in january, we have seen more than 50 basis points. more than .5 percentage points erased since last year. if you think about where the 10 year yield is heading, where is it going to end, higher or lower? >> i think we have room to end lower, given where we are today. the recent correction in roughly a 50 basis point drop. a lot of that was some of the optimism being taken out of the market that we quickly saw with the new administration. and initially what was an optimistic view and sentiment on policies and the impact on growth. you are now seeing that being flipped on its head. today's inflation print provides a big relief. because as we know, inflation is one of the mandates the fed is going to be focused on. if we see any weakness in the labor market side with the payroll number and you have an overhanging uncertainty, and we have the tariff deadlines and the one-month delay comin