Core fixed income ticked a little......>

BOND SUMMARY: Core fixed income ticked a little higher in the Asian session and

then in early European trading following the news that the first death from

coronavirus in South Korea had taken place. Bonds drifted off their highs and

now trade a little higher on the day than yesterday's close. However, despite

there being a slightly risk-off undertone, moves today have largely been

unnoteworthy.

- UK retail sales surprised to the upside, but the magnitude of the surprise was

smaller than the previous two month's negative surprises.

- Later today we will receive the Accounts of the last ECB meeting and on the

data front the Philly Fed, claims and Eurozone consumer confidence.

- TY1 futures are up 0-4 today at 131-06+ with 10y UST yields down -2.1bp at

1.547% and 2y yields down -1.1bp at 1.413%.

- Bund futures are up 0.07 today at 174.73 with 10y Bund yields down -0.4bp at

-0.424% and Schatz yields up 0.3bp at -0.646%.

- Gilt futures are up 0.20 today at 134.11 with 10y yields down -1.1bp at 0.587%

and 2y yields down -0.4bp at 0.512%.