China returns after Lunar New Year.....>

BOND SUMMARY: China returns after Lunar New Year holidays with policymakers in

Beijing taking measures to ameliorate investor confidence amidst heightened

concerns over the spreading coronavirus. China's Caixin m'fing PMI was

marginally higher than expected, but the survey was taken before the coronavirus

situation gained momentum. T-Notes have ebbed off highs in reaction to the

touted supportive measures. The paper trades -0-04 at 131-17. Yields trade

1.9-2.9bp higher in cash trade. Eurodollar futures last seen 1.0-2.0 ticks lower

through the reds.

- JGB futures sit at 153.06, +20 ticks vs. settlement after testing two-month

highs. Yield curve runs slightly steeper, as super-long end underperforms after

Friday's adjustments to BoJ Rinban ops for Feb.

- Aussie bond futures have eased off, YM trades +4.5 & XM +3.5. Cash yields sit

3.2-4.1bp lower across the curve. Bills last seen 4-5 ticks higher through the

reds. Better than exp. building approvals, recovery in ANZ job adverts and mixed

& contractionary m'fing PMIs from AiG & CBA provoked a very muted reaction.