The Future of the Treasury Market

I think that rates, we're pretty much at the peak of the rate cycle and rates have to come down. The yield curve control is coming to a high street near you soon if it's not already there. And that's all they can do because the interest bill, if the interest bill starts to go up,. It compounds and this debt environment starts to get absolutely unworkable. That's why I think we're in this world where if you start extrapolating into the future, the only way is to look for monetary hedges as alternatives.