Do You Think We're Going to See More Spread Risk?

Do you assume that the dampening going through 2023 and 2024 is a normal, what's called synodal dampening where we're just going like this ease in our way along? Are we going to see more abrupt jump conditions within the relationships of fixed income currencies and commodities? I think we're going to have a slower journey or a more smoother journey than we saw last year. Outside of the European Central Bank, I think the central banks want to slow down the pace of hiking which is going to bring down market volatility. And then it's going to be a case of later in the year how high do rates get, and then do we have to do some sharp decreases if we