 the new short-term interest rate instrument to look at and that everyone uses to hedge. You look at one year and 18 months out from today, and those have rallied the most. And I think that that's a signal that, look, no one really cares in the macro if they cut in September or cut in November or cut in December. It's a matter of where they get to at the end. And we're starting to think that, hey, maybe instead of only cutting the 3.5%, maybe they're only going to cut the 3%. And that's starting to get priced in the market now.