 increases. Let's bring in Simon Mirchell from Figur securities. Let's put the Fed aside, we'll get to the Fed. It looks into breaking news, I'm not sure if you've had a chance to see it, but Macquarie releasing some notes to some $400 million, looking to raise potentially more, potentially less, they say, don't really give a reason as to why other than to suggest that their balance sheet with or without it is in good shape. This comes up to, of course, next DC. We've had an insurer routes as well about a month ago. The corporate's going to market in particular looking at debt. What do you make of it and do you expect more of it? Good morning, James. Look, I think it's probably some good timing really as we position for the US setting up higher rates, but could also be reflected here. So it sort of makes sense in this low rate environment for the companies that are looking to raise a little bit more debt to move sooner rather than later. We've certainly seen that. There's a great appetite for corporate debt. Obviously, investors happy to take advantage of a slightly higher yield than some of the government issues. And we've also seen a lot of buying back or refinancing of bonds. It's yields have come in and we've seen that with a bit of Fortescue move there. So look, I think it's good timing for corporates. There's good demand for it in this low rate environment. So we're likely to see more, I would suggest. How difficult is the pricing? I mean, as you say, there's certainly plenty of demand for it, but there's plenty of options out there as well. I mean, how difficult is the situational process? Is it getting the pricing right? Yeah, look, obviously, there'll be a lot of sounding out with some canvases before they actually come out to market with a bit of pricing guide. The big BHP issue we saw a few weeks ago that was definitely able to be issued on the low side of where they indicated the margin would be. And that reflected the appetite there. So, you know, I think they would have done a bit of research ahead and I would be very surprised if they had to pay any sort of higher than indicated there. There's good demand for bank debt. Banks have certainly improved their capital levels. And that's more positive, less risk, obviously, for investors. So I don't imagine Macquarie would have any problems. Just taking a look, I guess, you know, Mark, it's really preparing now for this December lift off becoming a lot more comfortable with the fact that the Fed may be moving. What are we seeing in terms of the US yield curve? Yeah, well, it's interesting. We're seeing a real flattening there. So what that means is that the shorter yields, the two-year especially, is certainly moving higher. That's up around 92 basis points, just about to hit that 1% level. And you mentioned this in the earlier report, you know, this lower inflation environment is not seeing much volatility on the longer end of the curve. So we're actually seeing those 10-year, those 30-years, drifting a little lower over the week. And that just reflects that view that should the Fed move in December, it won't signal a flurry of increases. You know, it's going to be a very slow, very moderate increase in rates. And the market's certainly buying into that view by keeping those longer-term yields quite steady while we see those short-term ones moving higher to reflect that expectation of that move in next month. What about those Aussie yield curves? How are they playing out at the moment? Yeah, look, pretty steady really from last week. So we haven't had a lot of move there, not a lot of news this week either. We've got the U.S. Thanksgiving Day holiday on Thursday, such a short week in the U.S. Not a lot of data in Australia. We've got Governor Stephen speaking on Thursday night, I believe. So look, I think it's going to be slow city into next week where we get the final RBA interest rate indication, whether they move or not. I don't anticipate they will. So it's pretty steady as she goes. I think the RBA's pretty comfortable. And I think the RBA would be looking to see what the U.S. does, because if the U.S. does raise rates next month, that certainly takes a bit of pressure off the RBA needing to make any move on their cash rate. Simon, Mario Draghi, is he the number one central banker in the world at the moment, at least when it comes to communicating to markets? Look, he's certainly been very much on that message. And it's a bit of a case that we'll do what we need to do. They're going to be reviewing the ECB stimulus package, the bond buying program they have over there, about 60 billion euros a month. And he said that they will increase that. They might expand it to take on additional bond issuances as well. They might look at reducing or increasing their level of exposure that they can have for each central bank as well. And that's all really about just providing better support for the markets there. The markets seem to be pretty happy with that. But a little uncertain of what that might mean until next month. Certainly seems like off the back of that was seeing European equities being bought quite strongly. But the euro actually tumbling, I believe it was the worst performing currency last week. So I guess we're seeing some moves there. I mean, what about the bond market? Yeah, it looks interesting. I think the bond market's pretty comfortable with what Mario Draghi has been saying. And so that's provided a little bit more demand out there for bonds. We've seen yields shift a little bit lower on the back of that. But I think, as you mentioned, it is also positive for not only the equity markets, but also emerging markets as well. And we've certainly seen some extra demand for that as well. And that's obviously positive for the emerging market space. So I think it all plays pretty comfortably for investors at the moment. I think once we get over this possible move in December for the US, if we see some expansion by the ECB, then that certainly sets the market sack well for 2016. Greg Sturff, thanks, Simon. Thanks, Simon. Thanks, James.