So if 2022 was all about central banks playing catch up, central banks raising interest rates, yield curves rising, credit spreads also rising in tandem, we start 2023 with valuations at much more appealing levels than they were 12 months prior. One would suspect that inflation has now peaked. And with that, central banks may be able to start being more accommodative. That should be supportive of fixed income. Coupled with the fact that we expect the economy to hold up relatively well, one would suspect that now is a good time to be owning fixed income assets.