Apple's earnings warning roiled risk...>

BOND SUMMARY: Apple's earnings warning roiled risk during the Asia-Pac session,

with further pressure coming from a sense of increased Coronavirus worry across

the region (even as China's daily death toll and new case count moderated) and

some background trade war angst. This provided support for the core global FI

markets dealing in the time zone, with bull flattening the theme across the

respective curves. T-Notes last +0-09 at 131-08+, 0-02 off highs, with

underperformance in the NASDAQ the standout in equity futures trade (owing to

move being Apple driven). Eurodollar futures 0.25-3.0 ticks higher through reds.

- JGB futures +22, 3 shy of best levels, with a second consecutive strong round

of 5-Year issuance noted from the MoF, which allowed the belly of the curve to

play catch up (at least to some degree) in the afternoon session, in the wake of

some pre-supply underperformance.

- The Aussie curve also bull flattened, YM +1.5, XM +3.0. Bills run 1-2 ticks

higher through the reds. Space has shrugged off a raft of A$ issuance

announcements/pricing. The RBA's Feb meeting minutes noted that the Board deemed

the risks posed by Coronavirus to be "material" in the near-term.