Is the story the same across the pond, Dave? And welcome to the podcast.

Hi, yeah, yeah, thanks.

Firstly, happy Friday, everyone, and thanks for having me on the podcast, Shankar.

so yeah good intro i think i mean if we lean on the data um it's pretty hard to disagree with a lot of what you're seeing in the us really i mean we also had a a record first quarter in europe for for ig corporate sales and the premiums as you touched on whilst they've risen um since the outbreak of the war um you know a few weeks ago it's been a very very mild contained increase indeed so far You know, depending on who you speak to, there seems to be pretty good reasons for this resilience.

I think, you know, investors, when you hear what they've got to say, I mean, they clearly like the total return story.

So they've been happy to look past some of the tight spreads that have been in evidence for some time now.

I think some other combos we've had suggest that the buyers are also very comfortable with the sort of balance sheet discipline that you see amongst the high-grade corporates, which, you know, how can I put this delicately? Something that, you know, sometimes feels lacking at the government level, at least.

Maybe that's, you want to add something onto that.