Now let's look at the relationship between the price of a treasury bull and the interest rate or the rate of return. Now a treasury bull called the TB is issued by government to finance its expenditure. Now it has a FICE value, it's assumed the FICE value is a hundred thousand rents. Now what that means is if you buy that treasury bull today for a hundred thousand at the end of the term the government will buy it back from you for a hundred thousand. It doesn't promise you the rate of return, it promise to pay you at a hundred thousand. So the question is will you buy this treasury bull for a hundred and one thousand? The answer is definitely no because you will pay a hundred and one and they will only give you back a hundred thousand. Will you buy a hundred thousand? Must likely not because you will make no right to return on the same investment of yours. So it must be sold on the market through the mountain supply price will be established. Let's assume that price to be ninety-eight thousand. So you buy ninety-eight thousand, you keep it for a year and then you sell it back to the government for a hundred thousand. So you make a nominal term two thousand rents. Now your rate of return is then calculated by saying is the FICE value minus the price you paid divided by the price you paid for it in the sky is ninety-eight thousand. And that is equal to two thousand divided by ninety-eight thousand gives you two point for the same. So that is your rate of return if you buy this for ninety-eight thousand. Let's say you pay ninety-five thousand or this treasury bull. Ninety-five thousand your rate of return is then a hundred thousand minus ninety-five thousand divided by ninety-five thousand equals then you will see will be equal to five point three percent. So you can see that as the price of the treasury bull in decreases your rate of return will increase. Therefore there is a negative relationship between the price of treasury bull and the interest rate the right of return.