 on the trajectory from beyond of course this last week Jessica Russell from figures live for you to the minute and Jessica will welcome to you the 10-year edging up to 2.191% so offer seven months low but put it into context that the kind of the clout of Dudley in real terms amounts to what? Good afternoon Carlson thanks for having me that's right we had New York Fed President William Dudley speaking last night it's quite hawkish in his tones he said that the US economy was almost at full employment that he expected the inflation to get back to their target rate of 2% soon and also said that he didn't expect there to be a pause with raising interest rates so on the back that as you did mention we saw that 10-year yield move for three to four basis points higher to 2.19% and so it seems to be that he really does expect there to be another two interest rate rises for this year and there won't be any pauses for that so we certainly will wait to see the market though although it has raised overnight in general though that 10-year yield as it is at its one it's lowest just prior to the rate hike in 2015 it was actually at 2.28% and so now at 2.19% it does still seem that the market hasn't fully priced in any more rate rises for this year. Do you find comfort with his sanguine attitude on moves in that low yield space you know what that might be signaling out into the future he seems unperturbed by it saying look for anything it's all a relative some game alongside Japan and Europe. Yeah it does very much seem this assumption that because there is a tighter labour market that what we're going to see from that is there will be an increase in wage growth and as an impact will be that there will be growth and inflation so it seems to be a case that although there is weak inflation and weak growth that this labor market which is you know quite robust to that we will see you know the impact that they want to see from that and so despite the fact that they are getting some weak data coming through at the moment that they do expect it to to be able to look through that and and have the benefits of a higher higher wage growth which is seemingly the tact employed by our own Reserve Bank care of you know the tone struck in the last set of minutes out today. Yeah that's absolutely correct we had Philip Lowe speaking yesterday where he very much said something similar and if anything even urged workers to ask for pay rises to increase that the the wage growth so I very much do think that they're looking through the weak data sets as well that are coming through and expecting although we don't have the growth and we don't have that inflation that we certainly will see that come through in time with a tighter labour market. Did he make though the crucial link between those demands if you want to characterise them as such and a demonstrable uplift in productivity because one minus the other is really not a sound recipe longer term is it. Yeah that's absolutely right and we even had Fed Speaker Kashkari Neil Kashkari saying the night prior that he doesn't feel that that's enough just to rely on you know a tighter labour market to see this growth and inflation and that if anything we should the Fed should be holding on any future rate hikes until we do see you know stronger data coming through and that a labour market itself just isn't sufficient. Yeah well we could be there for waiting for Godo as you know Jessica but their patient seems to have worn thin on that measure. Thank you so much. Thank you.