joining us now is cme group ceo terry duffy. perfect guest to have on, terry with, your view into the rates market how problematic is this? >> i don't know if it's problematic. i need to dig into it myself and see what it is going to mean for them but to have the uk central bank come back into the market is not a big surprise they're looking for stability. they're going to take down the balance street and take them up to a real level. and then the bond market reacts dramatically off andrew bailey said in the uk so there is quite honest for you. this just happened i need to dig into the comments. >> i think the bank of england is due to make the bond buying they're in this position where what is that doing to the markets? >> the market hates it we continue to see them in the 11th hour. everybody wants to figure out how to fight inflation central bankers need to take a more balanced approach it is irrational going on. i don't have the ultimate answer for you other than i think we need to take a better look at how we're approaching