we had 1% negative return on the postl index every week, the trump election. this is concerning. also concerning because of the absolute shifting yields. to 2%, be moving from 1% but from an absolute shift, capital allocation point of view, that is enormous. if this momentum continues without a pickup of the real underlying fundamentals, and how csick things like trumponomi can impact the real economy, that would be a real concern for investors as they see this inflation trade happening without true growth. is the bloomberg markets global aggregate total returns index, hedged to take out the dollar swing. it is a straight line that goes back an awfully long way. that is back to the beginning of the 90's. do i want to own any of these right now? should i just sell them off? bill: just citing off of the treasury markets, the dominant country bidders to the index, the treasury market got some very, very low yields. one could not make an argument to see 10 year treasuries. heading for 4%. within this nominal g 10 treasury market, there is always an extraordinary need for duration by