Core FI price action reflects..........>

BOND SUMMARY: Core FI price action reflects continued focus on the coronavirus

outbreak. China's Hubei province reported just 349 new cases registered under a

new counting method. South Korea gave participants reasons to worry as it

revealed that the number of domestic cases has more than doubled. Elsewhere, the

PBoC "only" delivered an as expected amount of easing in its latest LPR fixings.

- That being said, domestic labour market report has stolen the show in

Australia. A larger than exp. uptick in the unemployment rate (above-forecast

jobs addition coupled with higher participation) put a bid into Aussie bond

futs. YM +3.5 & XM +3.5 at typing, each just shy of highs. Yields sit 3.3-3.8bp

lower across the curve. Bills last seen 1-3 ticks higher through the reds.

- JGB futures slipped initially as the Nikkei 225 started on the front foot

following y'day's JPY slump. The contract has ticked away from lows and now

trade at 152.65, 7 ticks shy of settlement. Yields sit marginally higher across

the curve. There's 20-Year JGB supply coming up later today.

- T-Notes back to unch. at 131-02+. Yields marginally mixed in cash trade.

Eurodollars last seen +0.5 to -0.5 tick through the reds.