Since yields sharply lower. U. S. Downgrade in boosted treasury auctions. We begin with a big issue, making sense of a wild week. It is a job report that has something for everybody. The u. S. Economy continues to power through. We curry whether the payroll numbers are telling we query whether the payroll numbers are telling the real story. U. S. Treasury market is not like the other bond markets. This is the year of the bond, right . You had a rich five to near part of the curve. You wonder what is the long and doing for you. It is hard to convince people to go towards the long end. Katie joining us now we have rbc play and earl davis of bmo from canadian banks which is a little bit fun. So is your own said, i will start with you. It is hard to know where to start. If you look at 10year gilts, there of 23 basis points through thursday only to fall 11 basis points today. How do you make sense of that volatility in benchmark treasury debt . Like a separate like the separate things out.