Is the Risk Free Rate Going Up?

When you have terminal rate expectations go up by 30 basis points, there's a lot of projects that just don't become feasible. The market had to price in the probability of a hundred, which is higher than it wasaabsolutely. There's a huge slegh of businesses that could operate at two, three % interest rates. When you're talking about four, five % interest rates with sort of credit component widening,. there's a whole swath of publicly listed and private stuff that just can't operate. Stuffs ing to start to break. Iigt these tese assets are going to be worthless. Theyre o nongo t 75.