Core FI trade on a softer note with....>

BOND SUMMARY: Core FI trade on a softer note with U.S. equity index futures well

bid & lifting from yesterday's lows. Headline-wise, relatively shallow Covid-19

case counts out of China & South Korea as well as global efforts to contain the

virus spread may have helped pressure the space. Reports re: research into

coronavirus vaccines have drawn some attention as well (although it is worth

noting that the time needed to manufacture a new vaccine is usually very long).

- T-Notes trade -0-05+ at 132-15+. Cash yields last seen 2.5-3.3bp higher across

the curve. Eurodollars last seen 1.5-3.5 ticks lower through the reds.

- JGB futures have played catch-up as the local markets reopened after a public

holiday. The contract deals sat 153.33, 43 ticks above settlement. Yields sit

lower across the curve, with the belly outperforming. The BoJ left purchase

sizes unchanged at today's round of 10-25+ Year JGB Rinban ops.

- Aussie bond futures have eased off; YM & XM both are unch. Yields trade

marginally lower in cash trade. Bills sit unch. to -1 tick through the reds. The

AOFM auctioned A$100mn worth of 0.75% 21 Nov 2027 I/L ACGB earlier today.