I think there's a lot of hyperbole out

there right now just given

you know, the administration, the war.

Um

we hear all the time about how, you

know, explosive this move in bond yields

has been.

If you look at the 400 days since Trump

was inaugurated,

this is the narrowest range in 10-year

yields that we've ever seen. The range

of the 10-year is 85 basis points over

the last 400 days. It's been a

remarkably narrow range. It doesn't feel

like it for some reason. Um

I just don't think this this this move

in yield is as explosive yet as it's

going to need to be if it's going to

disrupt the equity side.

>> Right.

I would just say I frankly I'm just

shocked at the whining about forward

guidance and the Fed. And

>> people complaining about it.

>> Yeah, and there are people that have a a

big self-interest in the Fed in the Fed

giving forward guidance. So, it's people

in the media that now going to have to

work a little harder. And it's also some

of the hedge fund community which is

saying like, "No, you know, I I want

>> I want to be spoon-fed.

>> Yeah, I want to I want a green light all

the time."