Coronavirus continues to dominate......>

BOND SUMMARY: Coronavirus continues to dominate global markets with Treasuries

and gilts moving slightly higher than yesterday's highs while Bunds are higher

on the day but still a little below yesterday's highs.

- Peripheral spreads continue to drift higher but BTP-Bund spreads at 153.6bp

are off the 157.7bp highs seen yesterday.

- At the time of writing the UK was outlining its negotiating mandate for EU

trade talks with UK 2-year yields having bounced off of their lowest level since

October.

- TY1 futures are up 0-2+ today at 133-13 with 10y UST yields down -3.1bp at

1.308% and 2y yields down -3.9bp at 1.128%.

- Bund futures are up 0.19 today at 176.02 with 10y Bund yields down -0.7bp at

-0.514% and Schatz yields down -1.2bp at -0.715%.

- BTP futures are down -0.56 today at 146.81 with 10y yields up 3.4bp at 1.026%

and 2y yields up 2.7bp at -0.128%.

- Gilt futures are up 0.25 today at 134.81 with 10y yields down -1.7bp at 0.486%

and 2y yields down -1.9bp at 0.343%.