 Let's get across what's moving in bond markets now we're live with Simon Michelle from big securities and Simon Aussie year it's looking pretty steady at the moment. Yeah Aussie is pretty steady not a lot of movement maybe a basis point or so but pretty much where they finished the week last week at this stage Dan. Now let's talk through what's happening in the US as well obviously very interesting comments I guess from a first impressions basis your reaction to chair Yellen Yeah look it's interesting I think you know she's still very much staying on message that you know that the market should expect the US Fed to move this year begin moving their Fed funds rate back up she's had to do that because the expectation has drifted into possibly as latest next year 2016 that we might see that move so look I think she's saying a message she says you know she still wants to see a little bit of further strengthening in the economy definitely in that labor market but she says that they're still on on course for a 2016 2015 I should say increase in the Fed funds rate at this stage 62 percent of investors in a recent survey believed that the Fed will move this year that's up from about 56 percent about a week ago so we are getting to a point where you know the market's sort of suggesting that it might not be until next year and the Fed is staying very much on message that the market should expect at this year and chair Yellen says she does expect the US economy will continue to improve where do you think the Fed is looking for signs of improvement is it just in the labor market I think that's predominantly there I think obviously they want to monitor this US dollar as well they certainly don't want to see that get up too high that certainly already had a bit of an impact on economic growth we've seen some slowdown in that I think inflation is another area they'll be focused on as well that's inflation expectations have fallen back a little bit in recent times so most of the data and the news we've been getting out of the US has been a little bit on the softer side I think that the Yellen's comments on Friday certainly suggest that she wants to keep the momentum going and she's happy to look through that softer data in the short term and look at the longer strength of the economy with a you know focus on that employment level could she have said anything more do you think well there's going to be very difficult we are getting a lot more volatile in the long end of the US curve at the moment we've seen that with the yields moving up quite substantially about two weeks ago they've fallen back down a little bit we're certainly seeing demand for US treasuries as those yields have increased a little bit it's going to be a lot more volatile as we drift closer to that expected move by the US Fed so I think it's not surprising that you see Yellen staying on message and trying not to upset that expectation that investors have out in the market let's touch on some of the other factors that are influencing your thinking at the moment of course Greece very much still in the spotlight it's got a large payment to the IMF coming up very shortly yes it does Dan it's got about 1.6 billion euros next month and it's suggested that it it won't be able to honor those payments now you know we've seen this occur time and time again in recent times but you know I think the Greek government is certainly pushing for some revision to the austerity measures that they've had to implement a little bit of push back there you know I think it's certainly the focus of the markets every you know with the stimulus we're seeing in Europe you know the the markets looking for any level of uncertainty and and Greece is certainly providing that but they're certainly not building in a huge expectation that's likely to cause any major instability to markets in the short term all right Simon we'll leave it there always appreciate it thanks again thank you Dan