| them but this one seems particularly | 5.041 | Jump to 11.599 |  |  | 
              
                
                  | important this one in particular because | 6.48 | Jump to 13.36 |  |  | 
              
                
                  | melissa first of all when i say it's the | 3.201 | Jump to 25.439 |  |  | 
              
                
                  | it's just one of those one of those | 3.279 | Jump to 30.8 |  |  | 
              
                
                  | piece of paper i really think the 30 | 4.32 | Jump to 38.48 |  |  | 
              
                
                  | billion dollar taper is fairly well | 5.281 | Jump to 40.079 |  |  | 
              
                
                  | many hikes does it see in 2022 how many | 6.001 | Jump to 59.359 |  |  | 
              
                
                  | hikes in 2023 and how far is it going uh | 6.32 | Jump to 61.92 |  |  | 
              
                
                  | your first hike pretty much by september | 4.88 | Jump to 92.4 |  |  | 
              
                
                  | you get your second hike and then the | 3.199 | Jump to 95.6 |  |  | 
              
                
                  | not it can slip in that third hike next | 5.041 | Jump to 98.799 |  |  | 
              
                
                  | december 2022 but we asked this question | 4.0 | Jump to 101.04 |  |  | 
              
                
                  | debate about that 45 say yes 48 say no | 6.16 | Jump to 113.2 |  |  | 
              
                
                  | bank of america i think is eight by the | 4.72 | Jump to 129.28 |  |  | 
              
                
                  | end of 2024 barclays is nine by the end | 5.28 | Jump to 131.28 |  |  | 
              
                
                  | of 2024 so i'm just wondering how how | 5.36 | Jump to 134.0 |  |  | 
              
                
                  | was the first rate hike now it's june so | 3.92 | Jump to 148.0 |  |  | 
              
                
                  | that's six months earlier to begin with | 4.479 | Jump to 149.76 |  |  | 
              
                
                  | we have in our survey three built in | 3.76 | Jump to 151.92 |  |  | 
              
                
                  | next year three built in the year after | 4.881 | Jump to 154.239 |  |  | 
              
                
                  | the after that so we get to 150 by 2023 | 6.16 | Jump to 155.68 |  |  | 
              
                
                  | ultimately we get to two and a half 2.3 | 5.6 | Jump to 159.12 |  |  | 
              
                
                  | by 2024 so there's a long way to go but | 4.8 | Jump to 161.84 |  |  | 
              
                
                  | i just want to throw out one idea here | 5.84 | Jump to 164.72 |  |  | 
              
                
                  | going to have a 9 trillion dollar | 4.96 | Jump to 173.44 |  |  | 
              
                
                  | or at least 42-year inflation that | 4.32 | Jump to 254.72 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        at least 42-year
                      
                     |  | 
              
                
                  | about where we were in december of 2018 | 4.16 | Jump to 264.56 |  |  | 
              
                
                  | that credibility question for a second | 5.039 | Jump to 316.88 |  |  | 
              
                
                  | sticks to its guns no matter what or one | 3.76 | Jump to 354.24 |  |  | 
              
                
                  | powell and come to two different | 3.68 | Jump to 360.72 |  |  | 
              
                
                  | conclusions one is that he missed it he | 4.079 | Jump to 361.84 |  |  | 
              
                
                  | year at 1.68 | 6.559 | Jump to 372.08 |  |  | 
              
                
                  | as of february 1.7 inflation so this | 6.96 | Jump to 375.28 |  |  | 
              
                
                  | mean 30-year yields have never been | 3.04 | Jump to 479.68 |  |  |