“We would expect that to continue into 4Q and kind of start to make its way down.”

In context

“Or what's left of it from here? John McCallion: Good morning, Ryan. It's John. Yes, obviously, RIS spreads, I think, overall, have been just a beneficiary of just the excellent performance here in private equity portfolio. So we saw that continue in this quarter. You're referencing, after excluding VII, that spreads have remained resilient at 93 basis points, although a 5 basis point decline from second quarter. But pretty much in line with what we what we set back 90 days ago. So you're referencing that continued alleviated levels paydown activity on the residential mortgage book, and that accelerates the income from those securities or loans that we purchased at a discount. But as we said, we believe we've seen the peak of that. And so that 5 basis point run-off was generally expected. We would expect that to continue into 4Q and kind of start to make its way down. And - but I think kind of a similar trajectory seems reasonable at this point. Operator: Our next question will come from the line of Erik Bass of Autonomous Research. Please go ahead. Erik Bass: So we've seen more in-force block transactions over the past quarter with sellers getting pretty attractive multiples. And it seems like there's plenty of buyer interest in the types of liabilities you have, and now there are some potential counterparties that have New York entities. So I'm curious if you're getting more optimistic about finding a transaction that could potentially unlock value in portions of your MetLife Holdings blocks? John McCallion: Eric, it's John. I'd say the short answer is, yes. If the question is, are we getting more optimistic? Yes. We are seeing what you're referencin”