You know, the scale of the move, like I've

gone back to kind of the beginning of this latest phase of fixed income selling.

So, you know, the two year yield since Jackson Hole basically is up 72 basis points.

So that's a 21 day period.

And essentially looking back through history, that is the biggest 21-day jump in the two-year yield since March 2023.

So I looked back at that and this basically was the run into the US regional banking crisis kicking off.

So just after we peaked out, news of Silicon Valley Bank collapsing, Signature Bank soon afterwards, And after that jump over that 21-day period, which was about 75 basis points, we then had the biggest two-day drop in the two-year yield, nearly 90 basis points since Black Monday in 1987.

Sure.