T-Notes edge away from yesterday's lows,....>

US TSYS: T-Notes edge away from yesterday's lows, last 0-07+ at 131-02+ after a

choppy Thursday session, with the contract ultimately going out just off worst

levels, after being bid for most of the day. Curve a touch steeper come the

close, with 30s underperforming at the bell. Risk-off support waned on the heels

of the WHO declaring Coronavirus an international health emergency, as it pushed

back against travel bans to China & stressed its confidence in China dealing

with the virus. We also saw U.S. President Trump tweet "Working closely with

China and others on Coronavirus outbreak. Only 5 people in U.S., all in good

recovery." Equities rallied in late NY trade & also worth flagging exceptional

beats for Amazon in the tech giant's latest quarterly earnings report.

- The 2.00% level limited the decline in 30-Year yields earlier in the day.

- Advance GDP data revealed softer than expected personal consumption, and weak

core PCE, although the headline Q/Q annualised GDP growth rate held steady,

topping exp. at the margin.

- China PMI data and Coronavirus case count eyed in Asia (death toll has risen

to 'at least' 212).