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

US TSYS: Core FI price action petered out during the second half of the Asia-Pac

session after the 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 level, with the case &

death count continuing to move higher there.

- The latest round of Chinese daily Coronavirus data did little to change the

narrative.

- T-Notes +0-12 at 132-07+, 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 at 2.5 throughout Asia.

- Chicago & Dallas Fed regional activity indicators are due Monday, and we will

also hear from Fed's Mester.