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Spread of Coronavirus in China cited...>

US TSY FLOWS: Spread of Coronavirus in China cited for early risk-off move, Tsy
rally gained momentum late amid first report of case in US, reportedly
Washington State. News can't keep an inflated, over-valued stock market down for
long, eminis managed to recover from earlier loses, back near steady in late
trade, while even Gold traded weaker, holding lower levels in late trade (-3.33
at 1557.44).
- No data, Fed in media blackout, nevertheless - rather heavy overall volume on
day (TYH>1.5M) with lion's share occurring early w/stops triggered early
overnight and again around the open. Thankfully, while Pres Trump shared pearls
of economic wisdom at the World Economic Forum in Davos -- even as his
impeachment trial kicked off in Senate.
- Just over $10B in high-grade issuance ($5B Saudi Arabia launched late) spurred
decent hedging flow. 
- The 2-Yr yield is down 3.1bps at 1.5284%, 5-Yr is down 4.8bps at 1.5717%,
10-Yr is down 5.2bps at 1.7691%, and 30-Yr is down 4.9bps at 2.2316%.

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