 Reflection on likely trade this week given that in the Aussie space yields were lower across the week Let's cross over to Jessica Russ at live at fig interesting enough the Aussie tenure the spread there Loves not seen last week since what the $8 was around about 50 20 So I mean how far back do you have to go to to get into that range again? And what's what's likely the the patterns that are forming into this week? Good afternoon Carson. Thanks for having me. I Think the the main thing we're seeing here is that as you said it wasn't since 2001 that these spreads between the 10 year US and Aussie were this this tide There's 16 basis points difference between them And so what we're going to see from this is investors are going to be selling that 10 year Aussie and moving into that US 10 year yield and they're going to do this as there is talk that there will be a June rate hike And so that yield is going to move higher with the yield premium for investors And so as you said we haven't seen this since 2001 when the US or the Aussie dollar was at 50 US cents It's now at 74 US cents So that would seem that it is potentially maybe a little bit high and as clients or investors are selling that 10 year Aussie it's going to back off the AU dollar quite a bit there So go down to sort of the shorter duration end of things and what's what's sort of the key influence on that figure? Which is roughly what 196 at the moment? Yeah, that's right I think a big thing on yields at the moment is this unwinding of expectations of growth. I think that a lot of Analysts and and also governments as well have Overinflated where growth figures will actually be and we haven't seen that come through that's also in the US as well There was talk of you know these tucks cats coming through from Trump and this big infrastructure spend But the expectations are we won't be seeing that this year that's been pushed back into next financial year And so we're seeing on those yields readjust to reflect that So it's interesting so you on the one hand you've got the reassessment of the fiscal But no real reassessment of the monetary playing out or do you because you touch on June for the Fed? the market seem in this case in Australia out to lunch on any hope of Really seeing easing domestically although it's got to be said that you know in the absence of fiscal Reform here there could well be The need be gradually to ease further. What say you on that even if the GDP print misses the mark? Yeah, well, that's right. I mean out of our budget here Domestically there was talk of seventy five billion dollar infrastructure spend And so you would expect that if that does come through that that certainly is is you know helping out the Rba in in getting growth going and you know activating that in the economy So I think it is a bit of a two-prong attack. We've got the Rba meeting next Tuesday There's expected to be no no change there and also with the Fed Estimated hike in June. I think they'll wait to see what happens there, but you know to help out the Rba we also do need to see you know this This fiscal spend come through as well to try and get growth going again in the economy Yeah, just what I don't know because I mean as you can see, you know, Trump looks like he won't achieve it What makes Turnbull think he can dot dot dot and Certainly the market is pricing in about five bits of cuts by the by November So I guess the GDP figures will be key if the politicians Show themselves incapable of moving Jessica. Thank you very much. Talk to you soon Thanks for having us from fig live for you there