Is There Going to Be More Central Bank Intervention?

There's reason to expect that, like in 20 15, there's going to be a lot more central bank intervention selling of us. Dollar assets. And this isn't likely to be primarily a credit story. As investors are pushed in the risk spectrum into treasuries, out of corporate bonds, sending credit spreads wider. We agree on that. Dan, you put a 175 o 200 basis point target on credit spreads by the end of the year,. i think i'll take the upper end of that range, more'n the hundred 85 to hundred 95 basis point level.