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Core FI space is on the front foot.....>

BOND SUMMARY
BOND SUMMARY: Core FI space is on the front foot amid broader demand for safe
haven assets, stemming from an escalating worry re: Wuhan coronavirus. The death
toll and number of infected patients have both increased, with new cases
reported in the U.S., Canada, Australia and Malaysia. China decided to extend
Lunar New Year holidays in a bid to contain the spread of the virus.
- T-Notes have ebbed off highs, but still trade +0-11+ at 130-20+. Yields trade
4.3-5.0bp lower in cash trade. Eurodollar futures last seen up to 5.0 ticks
higher through the reds. News wires have carried reports of a rocket strike at
U.S. embassy in Baghdad; official confirmation is yet to come.
- JGB futures last trade at 152.55, +22 ticks vs. settlement and -15 ticks vs.
earlier highs. Yield curve has bull flattened. The local equity benchmarks
continue to operate comfortably in negative territory, with the the Nikkei 225
last seen ~1.7% lower on the day.
- Australian markets are shut for a national holiday. Market closures are
observed in several other places across the Asia-Pac region, including China,
South Korea, Hong Kong, Singapore & Auckland (NZ).

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