Friday's Asia-Pac session saw early....>

BOND SUMMARY: Friday's Asia-Pac session saw early Coronavirus case count

headlines re: the quarantined Japanese ferry cross, which put a bid into the

space, T-Notes +0-03+ at 130-21+, just shy of session highs, with yields

1.2-1.5bp lower across the curve. Participants still await the release of the

monthly Chinese trade data, but it has really been a typical pre-NFP Asia-Pac

session.

- JGBs also benefitted from the breakdown of the latest 1-10 Year BoJ Rinban

operations, hitting new session highs in the afternoon, last +24, with the curve

bull flattening.

- Finally, Aussie bonds ticked higher alongside the broader risk-off flows. RBA

Governor Lowe's testimony didn't really move the needle, sticking to the recent

messaging, while the release of the latest SoMP saw a markdown for Dec '19 & Jun

'20 GDP growth assumptions (as previously flagged), a rosier outlook re: the

unemployment rate further out, and what was a bit of surprise, in the trimming

of Jun '20 headline CPI exp. YM +3.5, XM +4.5. Bills unch. to 4.0 ticks lower

through the reds.