A much calmer Asia session on Friday........>

US TSYS: A much calmer Asia session on Friday. Markets breathed a sigh of relief

as the latest daily new Coronavirus case count & death toll out of China

moderated from the levels seen Thurs, as some felt more assured in their

assessment that the Hubei methodology change resulted in a one-off jump Thurs

(despite some accusations of underreporting from U.S. off'ls). Fed's Williams

offered little new. T-Notes held 0-05 range, edging back from highs as S&P

e-minis made fresh ATHs, before ticking higher ahead of EU hours. Contract

+0-03+ at 130-28, yields 1.0.-2.2bp lower across the curve, with the long end

leading. Comes in the wake of a solid 30-Year auction yesterday, which stopped

through by 0.7bp, even as record low yields for 30-Year supply were registered.

- On the block front we saw an 8K block buyer of the 130.00/129.50 put spread

overnight, as well as screen selling of TYJ0 130.00 puts & TYJ0 132.00 calls. A

couple of decent enough rounds of screen buying was seen in FV & TY futures.

- Eurodollar futures last trading unchanged to +1.5 ticks through the reds. Some

selling of EDJ0 98.25 puts at 0.0025 likely represented liquidation.

- Retail sales, ind prod & UoM sentiment headline Friday. Fed's Mester to speak.