 This is a very good backdrop for credit. Now, the challenge is spreads are tight, so spreads are reflecting some of that. I think the way we're trying to frame that to investors is we think it's too early to position short. We think those spreads stay tight. We think there are still some pockets of the market like loans where you have yields above 9%. They're still attractive. But again, I think it's a market where you do have to be somewhat picking your spots as credit has incorporated some of that positive macro backdrop.