Global fight against the coronavirus...>

BOND SUMMARY: Global fight against the coronavirus crisis remained the dominant

theme. U.S. Tsy Sec Mnuchin reportedly warned Senators that a failure to enact a

bold fiscal package could push unemployment to 20%, as the White House pitched a

$1.2tn stimulus plan. U.S. equity index futs slipped, pushing T-Notes a bit

higher. The contract last deals -0-01+ at 135-27. Yields trade 5.1-9.4bp lower

in cash trade with belly outperforming. Eurodollars last seen -3.0 to +3.5 ticks

through the reds. Worth re-flagging that the Fed said it is re-establishing its

Primary Dealer Credit Facility late doors Tuesday. 

- JGB futs opened on a firmer note, but slightly pared gains as the Nikkei 225

fared well. The contract sits at 152.22, -34 ticks vs. settlement. Cash yields

are a tad higher, with super-long end underperforming. The BoJ left sizes of

1-10 Yr JGB purchases unch. vs. prior regular ops. Wider than exp. Japanese

trade bal, driven by slower than est. fall in exports, was ignored.

- In Oz, YM +2.0 & XM -14.5. Curve twist steepened in cash trade, yields sit

-2.4bp to +15.1bp. Bills +1-4 ticks thru reds. PM Morrison declared a human

biosecurity emergency & said more fiscal measures are coming.