 bring in fixed securities Simon Michelle for more on what's going on in bond markets and of course it's about what's going on for the British referendum we've been talking about it all day no doubt we'll talk about it a lot more this week but Simon how bond markets faring now are they are they pricing in the remain vote to get ahead? Good afternoon Britain and yes as you've seen that recent poll and come out and look like the leave vote is well demand for leave votes decreasing remain looks a little bit more likely you've seen that flight to safety that we saw last week pushing demand for bonds up pushing yields into record low territory the Aussie tenure hit 2% for example that's pulled back yields are up bond prices drop down a bit and as you can see in the equity markets investors taking on a little bit more risk at the moment something we haven't spoken about yet is of course RBA minutes they're out tomorrow as well I mean are you expecting anything market moving in those ones? I think the mark will be looking for some commentary from the RBA given that we saw that increase in sorry decrease in the cash rate in May we had quite a bit of global volatility I know a lot of it's related to Brexit but you still have the US unable to move in June as well so I think that there's definitely a lot to look at there and I think the market will be looking at very keenly at what the RBA has to say on that the back of that minutes Simon Tony Davidson from Henderson Maxwell here just interested in your perspective and casting your mind forward to Friday morning and post the vote and some of the results coming in what's your view on how bond markets particularly the corporate issues are likely to respond if there were to be a remain vote versus if there were to be an exit vote that was successful are we likely to see a sell-off in either situation in your view? Yeah good day Tony look I would expect that I think that the markets really sought some safety in the lead up to this I think that's been reflected in the yield movements we've seen as you know demand has increased for bonds and that's had quite a bit of impact globally obviously we heard about you know German tenure bonds hitting negative territory as well so quite a bit of risk in there I think if you do get a remain vote you likely see a lot of that unwind a lot of people more comfortable go back out and invest in the market so I would expect to sell off in the bonds all right so Michelle we'll leave it there with you appreciate your time though thank you thanks a good so Michelle there from peace