The Bearish View on Treasury Bonds

U308 has distinctly broken out and has continued to rise. It will be really interesting to see whether it can make it back to those 2022 highs up around 62. I think that the bigger move in Treasury bonds, even if you're right about a bearish move and higher interest rates, I think that that's in the years to come and not in this calendar year. Do you believe we are returning to 2010? Like, there's going to be some sort of dramatic risk off for investors.