Core FI price action petered out.......>

BOND SUMMARY: Core FI price action petered out during the second half of the

Asia-Pac session after an initial bid was driven by the heightened worry over

wider spread Coronavirus contagion, made evident over the weekend, with deaths

in both Italy & Iran, as well as cases in Israel. Elsewhere, South Korea lifted

the level of alert re: the virus to the highest possible, with the case & death

count continuing to edge higher there. The latest round of Chinese daily

Coronavirus data did little to change the narrative. T-Notes +0-11at 132-06+, in

the middle of the intraday range, operating on decent enough volume, especially

given that Cash Tsys are closed until London hours on the back of a Japanese

holiday. Eurodollar futures 1.5-5.5 ticks higher through the reds. 29.0K of the

EDZ0 98.375/98.250/98.125 put fly traded throughout Asia.

- Aussie bonds also off highs; YM +1.0 & XM +2.0. Cash trade saw a bias for a

flatter curve. Bills last unch.-2 ticks higher through the reds. There have been

no local data releases, but the AOFM tapped the mkt for A$400mn worth of ACGB

4.50% 21 Apr '33, offering the line for the 1st time since Feb '18. Bond was

well received, despite richness, offering may have came on dealer request.