 Our bond markets are trading now. Jonathan Sheridan from FIG Securities joining us. Jonathan, good afternoon to you now. Treasuries are still falling, those yields rising, this steepening yield curve. What sort of activity are you seeing across the bond market? Yes, good afternoon, Leanne. That's right, the post-election sell-off continues, albeit at a bit of a slower pace. To be honest, we've been positioning our US dollar portfolios in particular into a more credit-driven environment, as opposed to an interest-rate-driven environment. So we're actually seeing the credits that we trade and then our clients say, and actually hold up much better than the interest-rate markets and actually outperform. So, for example, we've been buying a relatively long bond from Dell, the 2028 maturity, which has performed about 80% better than the equivalent US treasury. So only selling off by about $1, as opposed to $5. Now, some banking activity as well that you've been looking at in terms of those local bonds. Bendigo Bank doing a new three-year senior. Tell us a little more about what you're seeing in this banking activity. Yeah, that's right. Bendigo not such a frequent issuer as the major banks, but they have announced a new three and a quarter-year bond that they'll be looking to price in the next day or so, a senior unsecured. But, you know, typically in our banking sector, banks are very strong, even the secondary regionals. So probably looking at just sort of a low three, three and a quarter percent yield for that three-year senior from Bendigo. All right, fantastic. Jonathan, we'll have to cut it off there, but really appreciate you joining us this afternoon. Thank you so much. Thanks, Leanne. Jonathan Sheridan there from FIG Securities. A quick final.