 It's a trading Simon, Michelle joining us from FIG Security. Simon, good afternoon. Thanks so much for joining us. Obviously, a lot of this uncertainty, still seeing increasing demand for those safe haven assets we've been talking a lot about gold this morning. No doubt, still that high demand for bonds. Yes, good afternoon, and you're absolutely seeing that yields continue to reach new lows on the back of that solid demand for those safe assets, including bonds. The Australian 10-year down below 2% for the first time currently at 1.98. The UK 10-year down below 1% at 0.93. And the US 10-year about six basis points off its all-time low of 1.38. So significant movements continuing after that vote last week. And how long do you think this is likely to last? I mean, we're likely to see this similar theme throughout the rest of the week. Well, we have this uncertainty, I do believe so. Yes, absolutely. I think one of the things we're looking at is obviously the credit rating downgrades of the UK. So they're now down from triple A to double A. Is that revision of credit ratings likely to flow through the UK banking sector? We've seen massive equity movements across a lot of the UK banks down 30%. You know, if you get a downgrade on the credit rating, that can certainly flow through. While there is uncertainty around the process of leaving, I think investors are going to be worried and investors are going to sit on the sidelines and wait to see how this plays out and the likely consequences. OK, and of course, we're all watching what central banks are doing around the world at the moment. Locally, though, the RBA, of course, meeting next Tuesday. What do you think we're going to be seeing them doing? Look, I think they might hold off next week and wait for the next quarter, CPI figure to come in, which we'll have before the August meeting. So I don't think we'll see a move on Tuesday. I think, look, the market's certainly pricing in a further cut, if not possibly two this year now. On the back, we've seen yields moving low to reflect that. But I don't think they'll move next week. I think they'll wait for the August meeting. All right, fantastic, Simon. We'll leave it there. Really appreciate you joining us. Thank you. Simon, Michelle joining us there from FIG Securities.