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Headline flow has been relatively......>

BOND SUMMARY
BOND SUMMARY: Headline flow has been relatively thin thus far, with all eyes
still on any updates re: coronavirus outbreak. No real surprises in the latest
case counts from China & South Korea, with the latter topping 2,000. Regional
equity benchmarks took their cue from U.S. counterparts and trade lower across
the board. T-Notes have recouped an earlier downtick and sits +0-10 at 133-20+.
Cash yields are close to unchanged at typing. Eurodollar futures operate 3.0-5.0
ticks higher through the reds.
- JGB futures have picked up a bid and now trade at 153.96, 30 ticks above
settlement & well above yesterday's best levels. Yield curve has bull flattened.
Local data was mixed, with Tokyo CPI & unemployment missing exp., with retail
sales & industrial output better than projected.
- In Australia, YM +2.0 & XM unch. Yield curve has twist steepened. Bills trade
1-2 ticks higher through the reds. Australia reported its private sector credit
data, which was marginally better than exp. The AOFM released its weekly
issuance schedule, covered in an earlier bullet.

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