 Let's go straight to the currency market. Take a look at where the Aussie dollar is sitting right now, 74.5 US cents. And of course, bond markets are interesting to get a bit of an idea and a signal of how markets are tracking ahead of that British referendum. Let's bring in Jonathan Sheridan from FIG Securities now. And Jonathan, where are you seeing global bonds at the moment in the lead-up, of course, to that referendum? Good afternoon. Yes, you're right. Bond markets typically tend to be a bit of a better indicator of generally how things are travelling, more based in reality than prospects, I think. If that's not too harsh an indictment on my equity colleagues, but we've seen yields back up from their lows that they reached at the end of last week, just as markets have been a bit more comfortable with the result of the referendum being a remain conclusion. And, you know, we've seen a bit of a risk on tone and in that sense of where markets are heading, we've seen yields rise up about 10 points across the curve. What about, in terms of here at home, are we seeing different action in the bond market? To be honest, in the last month or so the real action's been in early redemptions and calls and we saw that earlier this week with funds finally being paid from a QBE redemption. They took out almost $600 million US dollars of their 2021 callable subordinated bond and we've seen clients replace that with the new issue that QBE using to just extend their tenor, slightly a 2026 call again subordinated but 5.875 coupon and trading about 102, so about a 5.5% yield, which is a big pick up on what we're seeing in the generic curve for example, about 2%. And there's still a bunch of new issuances coming online as well? Yeah, that's right, we're seeing a couple that sound a bit interesting, one's a bit specky from the P&G government they tried about 3 or 4 years ago to get a US dollar bond away without success and we're seeing this one being touted around in investor meetings across the globe with a 10% plus handle still I mean, even with I think their rated single B minus as a credit, that still seems a bit interesting, it's very hard to enforce your rights against the sovereign of course and the other one that we're looking at which is a great diversifier to four folios which is the Chinese milk formula producing company which bought Swiss multivitamins in 2015 and they've done a seven and a quarter coupon five year which is rallied hard off the issue last week and trading around 103 or about 6.6%. Alright, thanks for that, Jonathan Sheridan really appreciate it. Thank you. Jonathan Sheridan there from Fixed Securities with the latest on the bond markets.