| three rate hikes for next year uh and | 4.32 | Jump to 96.4 |  |  | 
              
                
                  | penciling in in fact three rate hikes | 4.72 | Jump to 105.6 |  |  | 
              
                
                  | flattening between the two and the 10. | 3.68 | Jump to 159.68 |  |  | 
              
                
                  | we think uh that 10-year treasury rate | 5.839 | Jump to 205.12 |  |  | 
              
                
                  | about 1.4 percent uh uh we think that it | 5.84 | Jump to 210.959 | 
                      
                        
                      
                        PERCENT
                      
                      
                        about 1.4 percent
                      
                     |  | 
              
                
                  | base case two times but certainly they | 4.721 | Jump to 224.319 |  |  | 
              
                
                  | followed by an uh another say three or | 4.919 | Jump to 229.04 |  |  | 
              
                
                  | 2023 uh but critically we think the fed | 5.881 | Jump to 233.959 |  |  | 
              
                
                  | its rate hikes uh in the one and a half | 6.0 | Jump to 239.84 |  |  | 
              
                
                  | to two percent range uh we we saw last | 6.319 | Jump to 242.48 |  |  | 
              
                
                  | two percent uh there were visible signs | 5.681 | Jump to 248.799 |  |  | 
              
                
                  | the fed hit two and a half percent it | 4.319 | Jump to 259.6 | 
                      
                        
                      
                        DATE
                      
                      
                        two and a half percent
                      
                     |  | 
              
                
                  | get topped out in the one and a half to | 4.72 | Jump to 271.759 |  |  | 
              
                
                  | two percent range and i think the tenure | 5.041 | Jump to 273.919 |  |  | 
              
                
                  | moderate back towards two percent um so | 5.44 | Jump to 290.4 |  |  | 
              
                
                  | it's a positive outlook but just one | 3.52 | Jump to 293.44 |  |  | 
              
                
                  | if we've got what is it 9 trillion on | 4.88 | Jump to 303.28 |  |  | 
              
                
                  | lifetimes past hours that that 9 | 5.759 | Jump to 319.28 |  |  | 
              
                
                  | trillion truly shrinks | 6.319 | Jump to 321.44 |  |  | 
              
                
                  | shrinking the balance sheet uh one thing | 6.56 | Jump to 370.96 |  |  | 
              
                
                  | risky to think about turning two | 4.641 | Jump to 392.639 |  |  | 
              
                
                  | 2023 | 4.481 | Jump to 401.759 |  |  |