Bond yields, especially five-year ones, are reaching a fair level to reflect the outlook for a policy shift.

The yields on offer are very attractive versus the local bond yield, especially compared with the U.S. or Australia.

The cost shift burden for employers is becoming greater. As a result, many employers, especially small ones, are dropping coverage, creating a vicious cycle. It is a problem that must be addressed.

I want to deplore our level of yields which is very low, pathetically low,

We saw a lot of strength in the manufacturing sector in the NAPM report. That's why you saw bond yields rise today.

We have reallocated out of bonds. We got a little bit nervous back in December. However, now that bond yields have gotten back to where they are and stock price are where they are, I think you're going to take a real look at bonds and maybe take some money off the table.