Free Trial

*Clarifies the number of virus cases...>

BOND SUMMARY
BOND SUMMARY: *Clarifies the number of virus cases confirmed today & in total*
Coronavirus news has lifted core FI a little, as Japan confirmed further 41
cases (61 in total) of the disease at the cruise ship anchored in Yokohama.
There are ~3,700 crew & passengers aboard. One passenger has been said to be in
a serious condition.
- T-Notes last trade +0-02 at 130-20. Yields last seen 0.8-1.0bp lower in cash
trade. Eurodollar futures sit 0.5-1.0 tick higher through the reds. Fed Vice
Chair Quarles assessed the current MonPol stance as appropriate.
- JGB futures trade at 152.55, 14 ticks above settlement. Yield curve has bull
flattened. Little reaction seen to the local earnings/ spending data & a round
of 1-10 Year JGB Rinban ops, during which the BoJ left all purchase sizes unch.
- Turning to Oz, YM trades +4.0 & XM +4.0 at typing. Cash yields sit 3.9-4.2bp
lower across the curve. Bills 1-6 ticks higher through the reds. RBA Gov Lowe
has wrapped up his semi-annual parliamentary testimony, but provided little new.
The AOFM released weekly issuance schedule, summarised in an earlier bullet.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.