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and of course, on the Bloomberg. We thought we'd bring in someone truly expert on that short-term area and its

linkages to behavior and particularly to corporate trust.

He is Anthony Cresensia, Pinco,

working with Jerome Schneider.

How is Jerome Schneider's week been?

I mean, you guys are in the short term space.

Are you guys just watching the long-duration guys lather up or is a guy like

Jerome Schneider had a relatively calm one.

Anyone that invests in Pimco broadly invests in short-term instruments is still finding value there because it's still

yields to be had. Three month Libor is still in the twos. It will go lower, but it's still higher than these longer-term interest rates that's

what an inversion is and so there's some value there especially if you think

that the Federal Reserve will deliver a fewer interest rate cuts than the

...