Expected. We felt for a wild at the part of core inflation will move to a higher trajectory in the next couple of months. Is a people think there chance of inflation and the economy, and you see strong numbers, that will bring volatility back to a normal environment. Makee 10 year near 3 sense. That price has seen for hikes, which is better than it was six months ago when a price that one hike. Forhen we get a settle equities it will be because it is driven by equities and selloff. Bonds will lead equities down. We have not yet seen it. The idea that bonds will be a safe haven, i do not really get. The likely selloff in equities will come because bonds have to rechrist reprice price because we have inflation. Around theoining me table is jeffrey rosenberg, kathleen, director of diversified fixed income, and from london, nick, the assetational at jpmorgan management. Great to have you with me on the program. The idea that bonds have no longer given that Risk Mitigation quality and term