Coronavirus worry (spurred by an.......>

BOND SUMMARY: Coronavirus worry (spurred by an uptick in Chinese case numbers &

death toll) provided a bid for the FI space in Asia-Pac trade, as T-Notes

extended on their post-Fed gains, breaking through recent highs, last +0-08 at

131-08+, with yields sitting 1.5-2.1bp lower across the curve. Small to moderate

buying interest was seen in TYH0 132.25 and 133.00 calls overnight. Eurodollar

futures print unchanged to 3.5 ticks higher through the reds.

- Aussie Bond futures seemingly happy to hum along in ranges after the recent

domestic data prints. YM +4.5, XM +5.0. Bills 2-5 ticks higher through reds.

Little to comment on re: idiosyncratic drivers, with most of the regional focus

falling on Tsys. NAB became the latest to push back their RBA easing call.

- JGB futures broke their recent range top, last +28, 2 ticks off highs, with

10-Year yields back below -0.05%. Early bull flattening was unwound on the back

of a solid 2-Year auction. Signs of foreign receiving flows persist in 30-Year

swaps, with the LCH/JSCC spread tightening further.