Apple's earnings warning roiled risk........>

US TSYS: 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 & new case count moderated) & some

background trade war angst (surrounding Huawei). This provided support for core

global FI overnight, with bull flattening the theme on the Tsy curve.

- T-Notes last +0-07+ at 131-07, 0-03+ off highs, underperformance for the

NASDAQ the standout in equity futures (owing to move being Apple driven). Bulls

were hesitant to force much of a move through 2.00% in 30-Year yields, basing

around the recent lows before edging back above the psychological level. The

most notable flow came via a 7.5K block seller of the USH0 164.00 calls, who

sold through the bid at 0-10. Option traded as high as 0-17 on the rally.

- Notable dollar issuance set to come from Mizuho & MUFG.

- Eurodollar futures unch-3.0 ticks higher through the reds. There was some

upside flow via small screen buying of the 0EH0 98.75/99.00/99.25 call fly &

0EH0 99.125/99.375 call spread.

- Local docket sees lower tier data, 3- & 6-Month Bill supply on Tuesday.