 in now Simon Michelle from big securities to get more on the bond markets and how they're sort of reacting in the lead up to the Brexit vote on Thursday night and Simon what are you seeing in terms of global yields because they were up slightly but we are still seeing obviously these mixed polls absolutely so I think you know we had such a big reaction last week in grid when we saw investors really fly to safety and huge demand for bonds pushing those yields down that's been reversed and really I think as the polls have looked a little bit more risk mixed as you say and the remain vote looks you know increasingly more likely investors have been happy to sort of reverse those positions back out of bonds missing that reflected in equity markets for example so pull back but look very cautious leading into that vote at the end of the week what about here at home I mean in terms of Aussie yields they're sort of reacting to different things at the moment obviously the RBA minutes for one and Guy De Bell's speech this morning that's right so we had the RBA minutes and look they were pretty upbeat really I think the only real concern that the RBA mentioned or mentioned specifically was the lower inflation that's likely to remain low they also said market suggests in the US Fed you know later this year so July it's not looking too likely if you look at pricing at the moment so pretty upbeat really and certainly no real cause for a further rate cut at this point they certainly didn't leave that on the table so that's pretty positive and we also saw as you say a speech by Guy De Bell the assistant governor around the bond market liquidity in the bond market we've seen some significant changes there so a good speech there the other thing I just said as well we've had optes coming out looking like they'll be doing a new bond issue they've got a 300 million Aussie issue maturing in 2018 so the issuance continues yeah I was going to say is the corporate bond issuance still sort of solid at this point in the market very solid in fact the RBA minutes mentioned the large amount of bank issuance we've seen obviously the hybrids we saw the ANZ do a US dollar hybrid issue QBE did a tier two issue uh this week as well really high strong demand I think the QBE was four times bid so you know really strong demand for corporate debt at the moment especially given where those sovereign yields have drifted lower you know investors want to take advantage of higher yields and they're moving into the corporate sector all right so I'm Michelle really interesting thank you very much for joining us thank you and good sign Michelle there figure securities and