Risk sentiment was dented by the.......>

BOND SUMMARY: Risk sentiment was dented by the increase in attention/worry

afforded to the Chinese Coronavirus issue over the last couple of days,

seemingly culminating in a notable market reaction when Chinese equity index

futures re-opened today. Also worth reiterating that U.S. President Trump

pointed to bringing "good Policy and additional Hundreds of Billions of Dollars

back to the United States of America" ahead of his address in Davos later today.

- T-Notes were sharply bid, last +0-10+ at 129-12, 0-03+ off highs, with the

cash curve bull flattening. Eurodollar futs +0.5-4.5 ticks through the reds.

- Aussie bond futures edged higher, although 10s underperformed U.S. Tsys, as

the AU/U.S. 10-Year spread widened by ~2.0bp. YM +0.5, XM +1.5 at writing, Bills

running unch. to +1 through the reds. Worth highlighting that a Brisbane man is

being tested for Coronavirus.

- JGB were also on the move, as participants pushed futures higher, last +20

ticks, 5 ticks shy of Tokyo peaks, as the cash curve bull flattens. The latest

BoJ decision provided little in the way of surprises for participants to digest,

with focus moving to Governor Kuroda's press conference, due later today.