Bank of America Corporation

Well, your first point is a question of, you know, can we pay down some of the higher cost securities? The answer to that is yes. And that would be an expectation of ours as part of this. We've got some shorter dated CDs that can roll off. We can replace those or not. We have shorter dated debt. We've taken our long-term debt footprint down as we've continued to build the, you know, strength of the company. So there's a lot of different ways. It doesn't have to be securities reinvestment. It can be paying down higher cost securities. liabilities as well. So we've got a lot of different ways that we can use, quote, the reinvestment, if you like, around the fixed rate. And then what was the second? The second question was over what time period should we expect the name trajectory beyond 24? Yeah, so look, we're obviously on it right now. We feel like this is the trough. We're trying to build it from here. We'll make meaningful strides on that through 2025. That's where we're going.

Great. Thanks for taking my questions. We'll take our next question from Betsy Grosick of Morgan Stanley.

Hi, good morning. Good morning, Betsy. So, yes, another question on NII. Alistair, I did, I think, hear you correctly when you said that as you go into the second half of 25, there's going to be incremental benefits coming from swath roll-offs. Did I hear that right?