Core FI are happy to hug tight.........>

BOND SUMMARY: Core FI are happy to hug tight ranges as headline flow is

relatively sparse, with participants left to assess the latest coronavirus

updates. T-Notes last trade +0-02 at 130-26+. Yields sit 0.8-1.4bp lower in cash

trade, curve runs slightly flatter. Eurodollars are unch. to 1.5 tick higher

through the reds.

- JGB futures last seen at 152.50, 7 ticks shy of settlement. Yields sit a touch

higher across the curve. BoJ Dep Gov Amamiya will speak later today.

- YM unch. & XM -1.5 in Australia, as this is being written. The space picked up

a modest bid as the Australian reported that "A cruise ship is in lock down in

Sydney Harbour this morning with a passenger now being tested for possible

coronavirus." Yield curve has twist steepened a tad. Bills trade unch. to -2

ticks through the reds. The AOFM released their weekly issuance schedule,

summarised in an earlier bullet.