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T-Notes drifting lower in early Asia-Pac....>

US TSYS
US TSYS: T-Notes drifting lower in early Asia-Pac trade, last -0-09 at 131-02+.
- Move lower in China's daily Coronavirus case count (with cases in Hubei
province moderating to lowest levels since the start of the month) as well as a
continued uptick in recovery #s evident, outweighing the uptick in the death
toll (at least from a market perspective).
- Trump speaking with Fox at present, lamenting Fed policy under Chair Powell,
nothing new, markets not phased.
- Marginal upticks in U.S. equity index futures to fresh all-time highs also
help keeping some pressure on T-Notes.
- Flow has been limited, with cash Tsys closed in Asia hours, on the back of a
Japanese holiday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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