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

US TSYS: 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 +0-02+ at 130-20+, shy of session highs as we approach European hours,

with yields 0.8-1.3bp lower across the curve. Participants still await the

release of the monthly Chinese trade data (which is a little late by all

accounts, despite having no fixed time for release), but it has really been a

typical pre-NFP Asia-Pac session. Elsewhere, Fed's Quarles noted that the Fed

should consider operating with a slimmer ample reserves framework by adjusting

other rules to improve market. "It is reasonable that we ask ourselves whether

it may be possible to operate with a lower level of reserves and remain

consistent with the ample framework," Quarles told the Money Marketeers of NYU.

He also noted that the current stance of MonPol is appropriate.

- Eurdollar futures print 0.5-1.5 ticks higher through the reds. There was some

modest activity in the EDM0 98.500/98.625/98.750 call fly in Asia, but it was

hard to be certain of direction. NFPs and the release of the Fed's semi-annual

MonPol report to Congress headline the local docket on Friday.