The Rise of Options on ETFs

The two year treasury has risen so much more than previous cycles. What does that indicate to you? The Fed dropped the whole term structure close to zero, even 10 year rates got to 30 some basis points during the COVID low and spent, you know, under 1% during 2020. So we've had very low rates the last 18 months, 24 months. That's what the Fed really that's their main tool and Joe, I'm sure will vouch for that. Their main tool is for guidance because the market really prices in and then the Fed delivers.