The JGP Trade and the Japan Yield Curve

We're looking at that duration, that short duration, as more part of the overall portfolio from a duration perspective. And so we're kind of changing the framework and the lens with which we look at that. I still like the trade. I think that yields will head higher. I think Japan's got a lot of room to make up. We've been rotating a little bit away from Germany into France based on the pension debate there. There are definitely more trades that we've got on and things that we like and we're looking at in the portfolio from a macro perspective.