 joining us now live. Jonathan give us a take. What's been happening in Bond markets overnight? What can we learn? Good afternoon Carrington. Look it was pretty subdued really. We had the week jobs number unemployment report from the states and that tightened the US Treasury market by a couple of points across the curve. We've not really seen anything specifically market-wide. We're really looking at from international bond perspective there's been the new lawsuit come out from the Brazilian government against the Samarco JV so that affects BHP and we've seen their subordinated bonds that we like particularly trade off about 75 cents to a dollar but still in this sort of mid to high fives for a five or ten year exposure on those global bonds. Okay it's fascinating. We've got the RBA releasing the statement of monetary policy tomorrow. Do you expect that's going to have any impact on on bonds? Look obviously after the rate cut this week that was the main thing that affected the bond market. I think that the statement of monetary policy will be effectively used to to justify that decision and give us some insights into what their future thinking is. I mean the market's already really pricing in another cut probably in in August I would suggest so you know if the language is vastly different to that expectation then we might see some we might see some yields rise on the on the Australian bond market as a result. Jonathan Sheridan thank you so much for your time. Thanks. Go back to my guest so it's Gary Byrne I want to get your take now because we had we've had quite a volatile week which is to be