 Now we're going to check in on bond markets. We'll head over to big securities now Simon Michelle standing by there Interested to see what the the bond market has been doing Simon while we've all been watching equities I know yields have moved a little lower as investors seek some kind of respite from this volatility Yeah, good afternoon, Kate and absolutely. It's a good good time to be in bonds at the moment with the also all this volatility We're certainly seeing good demand for bonds. So yields are drifting lower. That means bond prices move higher And that's been a relatively good outcome for bondholders since the beginning of the year I think look, you know, we're seeing that increased demand on the view that you know It's been very tough to get a return out of other markets, especially over the last 12 months and with Investors discounting the number of likely rate increases by the US Fed You know locking a year in a yield of you know, four five six percent seems looks pretty attractive at the moment Yeah fair enough Inflation also is going to to be pretty important at the moment and a key driver of that US Fed funds rate Of course, we know we're expecting hikes for 2016. What are some of the key risks? Yeah, it's interesting. I think you know after we got that payroll data through yet We didn't get that very good improvement in rager's growth there You know just accentuates the focus on inflation and that inflation Data has been moving away from where the Fed would like to see it. It's targets around 2% And so I think the view we got from the Fed back in December when they did increase that Fed funds rate that we would likely see four increases by the US through 2016 the market just doesn't see that happening on this much softer inflation now inflation is very much impacted by Currency and if we see the US dollar go higher, that's actually going to work again against the US Direction it's going to export inflation and keep that inflation domestic inflation low and If we see further moves in oil and commodities as we're seeing at the moment again that just removes inflation out So I think you know the data is moving against the Fed on this inflation target And I think that just removes You know the the view that we like to see a flurry of interest rate increases And so investors are comfortable to lock in at these levels. So what have we got coming up in terms of whisk events now? I guess they'll be particularly important considering the investor reaction We're seeing at the moment to the different pieces of information. What are you keeping an eye on? I know here at home. We have the unemployment numbers out later this week. Yeah, we got some employment figures out later this week in Australia I think they'll be pretty much on the money. No real change expected there I think we'll see that continuing stronger trend emerge, but we like not like to see a lot of volatility there I think the key driver okay, it is really going to be China still and I think we've seen that just today So I think most people are going to be looking at China looking at more of the data coming out of that I think in relation to the US we're going to see some earnings numbers coming out as the 4-quarter earnings season starts so that will build on that narrative of whether we are seeing a domestic Strengthening in the domestic yours economy, but I think the bigger challenges now is the external factors And I think they're going to be a key driver Around the ability for the US to move interest rates So look, I think you know looking at a bonds and sitting on the sidelines. It's probably not a bad place at the moment You guys must be laughing at the moment. Thanks very much. Thanks, Kate. Bye. Bye, Michelle over there at big securities