Matters surrounding the coronavirus....>

BOND SUMMARY: Matters surrounding the coronavirus situation continue to capture

attention. A clarifying statement from the White House, noting that they have

not called airlines re: suspending flight traffic to & from China, hit T-Notes,

prompting them to test Tuesday's low of 130-14+. The paper had a brief look

under the level, but now trades -0-04+ at 130-15. Cash yields sit marginally

higher across the curve. Eurodollars last seen 0.25-1.5 tick lower thru reds.

- JGB futures have tracked T-Notes in a move off highs and now trade at 152.50,

4 ticks shy of settlement. Yields trade marginally higher across the curve.

Little follow-through noted on the back of the summary of opinions from the

BOJ's most recent MonPol decision. Elsewhere, the BoJ conducted Rinban ops

covering 1-10 Year JGBs, leaving all purchase sizes unchanged.

- Aussie bond futures slipped upon the release of local CPI data, which topped

market consensus & prompted the trimming of RBA easing bets. IBs price a mere

~10% chance of a rate cut at the RBA's meeting next week. YM -5.0 & XM -7.0;

cash yields 3.9-7.0bp higher, the curve runs steeper. Bills last seen 4-6 ticks

worse off through the reds.