Core FI drew support from a............>

BOND SUMMARY: Core FI drew support from a relatively sombre take on the

prospects of notable U.S. fiscal stimulus in the immediate term, as well as a

coronavirus containment zone being set up in the NY suburbs. The Democrats and

Republicans seem to be at odds re: the contents of any fiscal package, and this

has subsequently weighed on risk overnight.

- T-Notes well bid as a result, with JPY in the ascendance and U.S. equity index

futures pressured. Contract more than reversed the late session losses seen

Tuesday, last +0-24+ at 138-12+. Yields 10.8-14.8bp richer across the curve.

Eurodollar futures print 1.25-3.5 ticks higher through the reds.

- JGB futures grabbed on to the coat tails of Tsys, reversing overnight losses

and then some to trade 22 ticks higher ahead of the close, albeit a bit shy of

best levels. The latest BoJ Rinban ops covering 5-10 Year JGBs saw a lower offer

to cover ratio, although the average spread wasn't quite as tight.

- Rumours re: an ever growing domestic fiscal package did little to knock the

Aussie bond space, as it drew support from the broader core FI bid, even with a

sloppy ACGB auction seen. YM +8.5, XM +12.75.