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The whole idea of, of uh tightening policy is

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to affect financial conditions and to the extent higher bond

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rates reflect that they do. They're producing tighter financial

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conditions right now. So that is, that's how

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monetary policy works. That's literally how it works.

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So again, in principle, as long as they're

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, as long as uh bond rates are going up

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for the, for some reasons and they're not going

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up just because they expect us to do things so

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that we don't do them, they'll come right back

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down as long and we don't think that's the case

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. Actually, it doesn't, I don't think it's

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the case. It's, it doesn't seem to me

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that's, that's what where analysis leads you then.

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Sure. That's a tightening. That's exactly what we're

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trying to achieve. And therefore, it seems like

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almost arithmetic, it must reduce some of the impetus

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for you to continue to raise rates at the margin

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. It could, I mean that I think that

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remains to be seen and by the way, I'm

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not blessing any particular level of longer term rates when

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, but just in principle, that's right.