Core FI have started on the back.......>

BOND SUMMARY: Core FI have started on the back foot in the wake of yesterday's

reports re: teleconference incolving G7 FinMins & central bank chiefs scheduled

for later today to discuss the economic aspects of the Covid-19 outbreak. The

space has ticked away from worst levels since. Aussie bond futures have ticked

higher as PM Morrison said that that the government and the RBA are "highly

aligned" re: their response to coronavirus. As a reminder, the RBA's monetary

policy decision headlines the Australian docket today. YM +1.5, XM +1.5; cash

yields seen 0.3-2.1bp lower across the steeper curve. Bills trade 2-3 ticks

higher through the reds. Little reaction noted to local data releases.

- T-Notes have edged higher & last deal -13 at 134-22+. Yields sit 2.8-3.6bp

lower in cash trade. Eurodollars trade 1.75-5.5 ticks lower through the reds.

- JGB futures have clung to their initial losses and finished the morning

session at 153.49, 39 ticks shy of settlement. Cash yields trade higher across

the curve. The MoF will tap the mkt for Y2.1tn worth of 10-Year JGBs later

today. Elsewhere, the BoJ has offered to buy JPY500bn worth of JGBs under

repurchase agreements today, following up on Monday's operations.