When you were looking at the numbers that define the market, what were the biggest changes, the most shocking changes this year?

Maybe the most shocking change is that there's not that much change.

The data is what you say is quite stable.

The market continues to grow.

Last year, the amount outstanding was plus 100 billion, which is quite a big number still.

So we're now passing the 3.4 trillion mark.

So that also be in line with what Sasha is saying.

um now another um another thing which struck me for the numbers you mentioned earlier about the sustainability and green issuance and that's always an important theme but the number of new programs has tailed right off a few years ago there were over 20 new issuers in a sustainable format last year only two is that because we've reached maturity is it because it's a low priority should we be worried about that do you think