While some pockets of fixed income could be a swing and a Miss Black Rocks, head of iShares Gary Choudary is calling the front end of the curve the yield of Dreams. Speaking with Bloomberg's Jonathan Farrow, Choudary discussed the opportunity set for investors who can stomach the short term volatility ahead.

So definitely in the front end of the curve. And, you know, as you pointed out earlier, sort of focusing on the very front end. So say up until the five year point of the curve. I think it is a dream, especially if you're an investor that can stay invested for the next 6 to 12 months instead of sort of getting spooked by some of the daily volatilities that we've seen.

I think in one year if we look back to what is available in terms of high quality treasury yield and the five year part of the curve, I think it's going to be an excellent opportunity. We look back and think that there was an excellent opportunity to earn some income, earn some yield in our portfolios. I think if we look further out. Though looking at the 10 year 0.30 year point I think that is probably is still not safe yet because I would imagine that there is going to be a little bit further yield curve deepening, coming our way and some more term premium getting built into the yield curve as we learn more about whether our star might be as we learn more about where inflation rests and, of course, as we try to sort of digest all the supply that's coming our way.