| believe we are in for in 2022 | 6.319 | Jump to 35.76 |  |  | 
              
                
                  | between two and four makes sense to us | 4.48 | Jump to 46.0 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        between two and four
                      
                     |  | 
              
                
                  | come into play in the second half of | 4.479 | Jump to 74.96 |  |  | 
              
                
                  | first part of 2023 | 4.401 | Jump to 79.439 |  |  | 
              
                
                  | different this time around from 2018 and | 5.2 | Jump to 83.84 |  |  | 
              
                
                  | 2019. | 4.719 | Jump to 86.4 |  |  | 
              
                
                  | 2017-2019 period a lot of the | 5.32 | Jump to 95.799 |  |  | 
              
                
                  | still be buying bonds for much of 2022 | 4.56 | Jump to 105.36 |  |  | 
              
                
                  | stimulus of the past two years or so | 4.319 | Jump to 158.56 | 
                      
                        
                      
                        DATE
                      
                      
                        the past two years or so
                      
                     |  | 
              
                
                  | only around a third of the stimulus that | 4.72 | Jump to 167.36 |  |  | 
              
                
                  | if we hit for example two and a half | 4.08 | Jump to 208.799 |  |  | 
              
                
                  | percent three percent is that something | 5.601 | Jump to 210.799 |  |  | 
              
                
                  | yeah i think that's the million dollar | 3.36 | Jump to 216.4 |  |  | 
              
                
                  | around five percent as far as the cpi | 5.36 | Jump to 232.48 | 
                      
                        
                      
                        PERCENT
                      
                      
                        around five percent
                      
                     |  | 
              
                
                  | goes in 2022 so while we do have | 5.601 | Jump to 234.799 |  |  | 
              
                
                  | in the near term but in 2023 is when we | 4.64 | Jump to 246.4 |  |  | 
              
                
                  | the fred's two percent flexible average | 4.8 | Jump to 251.04 |  |  | 
              
                
                  | we look for the 10-year yield to be | 4.16 | Jump to 277.84 |  |  | 
              
                
                  | around 2 percent at mid-year and we look | 4.56 | Jump to 279.6 |  |  | 
              
                
                  | 40 basis points so overall we have | 4.479 | Jump to 284.16 |  |  | 
              
                
                  | treasury curve at 40 basis points at | 4.639 | Jump to 320.56 |  |  | 
              
                
                  | perhaps the timing of the first rate | 3.679 | Jump to 334.96 |  |  |