. >> let's bring in mark abana, merle lynch's head of u.s. straepg.orecast for the year mark great to see. >> you thank you. >> you were at 2% for the year. >> correct. >> year end 2019 on the 10-year yield. in powell's speech it sounded like he was worried about deflation coming from around the world. i'm wondering how big of a concern that is and how you factor that in. >> i think that what we're hearing from the fed and see they are hoping that they can keep rates on hold for now but still worried. and that struck me today in powell's comments. he talked a bit about now he was worried about downside risks for the outlook and in particular emen eighting from the abrewed and he said that rates are loweren and on hold now. but they hope they don't have to lower them again in the future they're worried about low inflation, trade uncertainties, global data and data out of china, which it sounds like today chair powell is sbaking he doesn't trust. in that context you still have a fed very cautious, patient and is going to be in no hurry whatsoever to rai