where they might head from here let's bring in rick rieder. to have you on such a huge day like this, rick. thanks for being here. >> thanks for having me, scott. a big day, big night. it was a long night. >> what's most on your mind today as you see all of these different asset classes rallying so heavily? >> so it's pretty incredible. first of all, the results were incredible, obviously great job through the evening, but the equity market, if you think about the growth dynamics that are going to -- that are going to persist, you know, a company that's been already operating at a good level, the growth data that's going to continue to be good, you know, the propelling of the equity market is pretty incredible. beneath the surface the drop in volatility that you're seeing is pretty -- i would say like you can own equities when volatility drops, you can own some convexity so that's been super exciting today. obviously the dollar and then the shift to the yield curve has been pretty extraordinary. we've talked on this show before the front end o

i liked what rick rieder had to say. venturing out into the wild blue yonder of long-term rates is a dangerous game. marvin: it is -- the leverage and the way you are able to catch on the curve is a dangerous game with a lot of volatility. manus: the other thing that came across my inbox was talking about the performance in credit and the bloomberg corporate bond. 74 basis points. this is the lowest in a century. this is exceptionalism personified. how do you look at corporate and credit spreads right now? they are so tight and they are priced almost to the perfection of exceptionalism. marvin: if you are a spread investor within the corporate world it gets harder and harder to buy. if you are shorting treasuries and looking for more spread compression you have to wonder how much more you can compress. having said that, income is generally under owned in this market given how poorly overall rates have performed. if you want to lock in income, it is easy to see how some of these corporations, particularly shorter duration