joining us is christoph rieger from: is bank. christoph rieger from commerzbank.w a drop in the 10 year yield yesterday. the 30 year yield back above 2%. with the risks out there and the back-and-forth we are getting on trade, are you favoring duration on the u.s. curve at the moment? liketoph: we still quite duration especially on the u.s. curve. for some time, for instance the 10 year forecast has been 125 which is admittedly quite extending out but i think we are heading there. we are really seeing a pen -- a convergence of global yields. the u.s. cannot escape what we are seeing elsewhere especially here in europe. markets are deeply negative. manus: good morning. the jgb market is the real challenge for central banks. library.ok at the jgb in the land of rising sun, we have falling yields. do you expect some sort of adjustment or pushback from the boj? how critical is this move? jgb's havewell, almost become high-yield compared to other markets and it is clearly creating problems. the boj has been very successful in their yield curve control. when this was se