Quad, thanks for your input. I think WMC have their core earnings in line because they did little rebalancing and did not have TBA loss as AGNC did. One thing I did not understand was that how did they manage to maintain their leverage ratio (8.2X after adjusting TBA) without selling their assets? They were leveraged 8.7X in Q1, now since their asset value has gone down, their leverage should go up if they do nothing, right? Was it purely because of the hedge?