T-Notes rallied on Hubei province's daily...>

US TSYS: T-Notes rallied on Hubei province's daily Coronavirus count as the

number of new cases declared surged (although there are all sorts of questions

re: the new methodology with clinical cases included, as outlined in previous

points). We still await the daily national count. Fresh highs were printed in

T-Notes as Europeans started to filter into their desks, reacting to the news.

Contract +0-09 at 130-31, 0-01 off highs, yields 3.2-4.1bp richer across the

curve, belly outperforming. Strong volume in T-Notes, >330K lots on the day.

Flow saw a screen seller of TYH0 130.25 puts overnight, as well as a 10K screen

buyer of USJ0 154.00 puts. This came after a late chunky (> 25K) TYH0 block

seller pressured the space ahead of Wednesday's close.

- Eurodollar futures print +1.0 to +3.5 through the reds. 20.0K of the 0EH0

98.500/98.875 risk reversal was blocked at 0.00 overnight, selling the calls to

buy the puts.

- CPI, real earnings and 30-Year supply headline today's local docket. Elsewhere

Fedspeak comes from Williams & Kaplan, and we will see the Senate hearings re:

Fed Board nominees Shelton & Waller.