 In on how the bond markets trading those Simon Michelle from figs securities is joining us Simon good to see there this afternoon now We've been talking a lot about Donald Trump's inauguration over the weekend lack of detail. How have we seen yields? Responding absolutely We had a quite a bit of a surge in yields after that very strong US economic data on Thursday So I suppose only to be expected that we've seen that pull back a little bit So yields are down a few basis points Both here and in the US so no real movement after that inauguration speech by Trump at this point all right and in terms of I guess the market pricing for Fed hikes and so forth because a lot of Obviously what comes out of Donald Trump's administration is going to play into the feds next move Have we seen any change at all in how the bond markets pricing the next move? Absolutely, and we've certainly seen Janet Yellen start to talk up the chance of further Fed rate increases through this calendar year market at the moment only pricing in to so I think that's interesting I think you're seeing certainly seeing a little bit stronger language from the Fed But we're not seeing that match by market movements at this point Leanne Tell us a little more about domestic bond issuance. Absolutely. So it continues. We had that huge record Australian Commonwealth government bond issue last week the five year at 2.24 percent thought I just mentioned 70% of that actually went to Australian investors So that was significantly higher than previous and considering that was a record issue very strong demand there We've had rest pack come out. They've done a five-year issue as well And so I think you're starting to see a little bit more Growth in demand of issuance and let's like to continue into the end of this month All right, and just um, I guess I thought from you on the week ahead We've got well probably a bit of a quieter week But the big focus is going to be on inflation numbers on Wednesday. What do you think is going to take the The attention for the bond market. Yeah, look, I think we're going to see that inflation start to creep up a little bit You know, we're certainly thinking you could see something around about the half percent So that starts to move into that sort of lower range of the RBA You know, I think it's a sort of a slow story. We certainly want to see that inflation coming through So I think you know, we're going to start to see that reflected in the numbers And it's been quite a challenge as you know over the last couple of years the central bankers So it could be a positive story. All right, excellent. We'll leave it there Simon really do appreciate you joining us Thank you so much. Have a good afternoon. Thank you, Simon and Michelle joining us there from fixed securities on