Regional coronavirus worry was evident in...>

US TSYS: Regional coronavirus worry was evident in Asia-Pac hours (with a focus

on a growing South Korean case count & 2 deaths of elderly passengers from

Japan's Diamond Princess ferry), this outweighed the initial optimism that

surrounded the moderation in the Chinese daily new virus case count (which was

based on methodological changes). The PBoC's latest round of LPR fixings, which

delivered cuts that met exp., did little to support broader risk appetite.

T-Notes operate just shy of best levels, +0-02 at 131-04+, comfortably above the

early lows, 0-03 high off best levels. Yields sit 0.4-0.8bp lower across the

curve. Block flow saw 20.0K TYH0 131.50 calls lifted, 10.0K of USH0 164.00 calls

lifted (over 2 clips) and 7.0K of USH0 161.50 puts lifted. There was also a

20.0K block buyer of the 1x2 TYK0 130.50/129.50 put spread.

- Eurodollar futures sit unchanged to 1.0 tick higher through the reds. Steady

selling of EDM0 98.875 calls was seen early in Asia. Elsewhere, we saw the EDZ0

98.375/98.250 put spread bought vs 99.375 calls.

- Fed's Barkin speaks today, we will also see weekly jobless claims data and the

latest Philly Fed biz survey.