Core FI have been pressured amid a.....>

BOND SUMMARY: Core FI have been pressured amid a recovery in risk appetite as

participants assess global response to the coronavirus crisis. U.S. equity futs

have surged, with S&P 500 e-minis hitting the limit-up bound; regional stock

benchmarks have also picked up. U.S. House passed an amended coronavirus bill &

sent it to Senate. T-Notes last seen -0-16 at 137-15. Yields trade 4.4-9.5bp

higher across the curve. Eurodollars up to 4.0 ticks lower through the reds.

- JGB futs opened higher, but have then eased off and now trade at 152.60, 28

ticks below settlement. Cash yields are mostly lower, save for super-long end.

The BoJ conducted an off-cycle round JGB purchases across the belly, buying

Y100bn worth of bonds from 1-3 & 5-10 Year baskets. Gov Kuroda will speak in

parliament later today, final industrial output data is also due.

- In Oz, YM unch. & XM -10.5 at typing. Cash yields sit 1.0-14.2bp higher across

the steeper curve. Bills last seen -1 to +2 tick through the reds. Little

attention has been given to local data & now slightly outdated minutes from the

RBA's Mar meeting. Across the Tasman, however, NZ gov't has unveiled a large,

NZ$12.1bn stimulus package to address the coronavirus crisis.