Extracting the yield in mortgages requires immense skill and discipline. I continue to believe that Dynex's team and infrastructure are uniquely positioned to deliver equity like returns from this fixed income product, and I'm excited to leverage this team's talents for a larger investor base. Thoughtful risk management focused on leverage and liquidity will remain the hallmark of our process. Government policy has always been part of investing in US fixed income. This year, investors will likely hear more about the potential for GSE reform. Our base case for the coming year is that talk of reform could create volatility and spread, likely offering an opportunity for us to deploy capital creatively, much like we did last year around the election.