 It's the trading Simon Michelle joining us live from FIG security Simon. Good afternoon to you now Of course we saw overnight the Fed funds rate remaining unchanged as as widely expected I mean, how do we see those US yields tracking? Good afternoon Leanne. Yes, and pretty flat in US yields at the moment too We just saw a bit of a pick up in the 30 year which has reached 3.08% Really steady she goes. I think as you said, you know that the Fed did what the market expected and given the current political climate there wasn't a lot of commentary around What the Fed? anticipates their moves may be through this year if you have a look at the market the market still looks to June as the possible next move upwards by the Fed Overall, I mean it seemed to be a slight improvement in their view towards the data flow that that we've been seen coming through of course looking for any Signs around that fiscal stimulus and so forth. What were some of the other key takeaways for you? Yeah, look, it's interesting I think that you know, obviously You know inflation is getting to where they'd like to sit around that 2% level I think, you know growth is starting to look good But I think there's still a bit of political uncertainty And I think they just want to be cautious that they don't get too carried away as we've seen some other markets And so they've sort of just held back a little bit But the one of the interesting things that we were certainly looking at is the US currently holds US Fed currently holds four and a half trillion dollars of its own security that it bought as part of the quantitative easing now as those bonds mature the US Fed Reinvest them so they continue to hold that volume and there was some speculation that they might start Allowing those bonds to mature and not reinvesting them. They decided not to move in that direction They'll continue to hold that four and a half trillion interesting. All right. Let's check in on Aussie yields We've just seen this record trade surplus that's come through the Aussie dollars moving higher How are we seeing those yields moving? Yeah, definitely seeing yields move in the same direction actually as investors no doubt move into some more growth assets Here we're seeing a pick up a few basis points. I think the 10 year currently around 278 So that's up about sort of four basis points. They're pretty steady until we got that announcement So yes very much on the back of that trade surplus announcement Fantastic Simon. Thanks so much for joining us as always appreciate your time Simon Michelle there from FIG security