Overall, when we look at the three vulnerabilities and our risk scenarios, we judge that the overall level of risk is roughly unchanged from November, and our financial system remains resilient. I also want to point out that in this FSR, we report the results of a survey we conducted with financial system participants.
But it is important to recognize that a number of factors have held down long-term yields in recent years. That means short-term yields do not have to rise as far as in the past to flatten or invert the yield curve.