 He'll push back against the idea that the Fed is now ready to cut interest rates. I think Powell will say that further confirmation is necessary to show that inflation is indeed slowing. If you look at the price action in the bond market today, yields up mildly at the short end. The two-year, I think, was up about two basis points in New York. We're essentially unchanged now in Tokyo trading at 462. And in New York trading, the 10-year was not...