The Pipeline Is Very Robust

Companies are entering this per od with really strong balance sheets, having refinance very heavily through 20 20 and the height of the covet crisis. And so what we've seen this year is a modest widening and credit spreads. But if you look over a past tenure average, we're still in the tight part that we're below that tenure average on a relative basis. It still is a reasonably attractive time for companies to come to market.