Greg Davis: Paul, it is excellent to have you in this article these days to discuss to our clients about what is been occurring in the municipal bond marketplace. You know, we have witnessed a pretty major total of worry all over liquidity circumstances in the market. Really like to get your perspective on what you men are looking at as the head of the municipal bond group.
Paul Malloy: Absolutely sure. So what we’re looking at is a pretty fast price adjustment just as we have witnessed in several other marketplaces. And part of that in the municipal marketplace is because of to the very loaded amounts we went into this at. And on the other facet is buyers needing income for a variety of reasons such as rebalancing into equity portfolios. And you’ve got some other shorter-expression players in the municipal marketplaces that are demanding liquidity. So