The Trends in Emerging Market Interest Rates

I mean, I think on the one hand you've clearly got a lot of sovereigns that have a lot of refinancing and gross financing to do. But sort of kind of counteracting that you've got the fact that maybe financial conditions are starting to ease off a little bit compared to where they've been in recent weeks. So it still feels like a very volatile situation. And we know that for your sector that these issues, along with kind of domestic interest rates is really important for looking at credit risk.