The Coronavirus headlines out of.......>

AUSSIE BONDS: The Coronavirus headlines out of Hubei province dominated session,

putting a bid into the space, allowing futures to unwind their overnight sell

off and more. YM was +1.0 with XM +2.0 come the close, curve 1.0 flatter at 32.5

as a result. Space was happy to look through the latest round of commentary from

RBA Governor Lowe. Lowe mostly reiterated what we heard earlier this week, while

noting that the RBA isn't in any rush to get inflation back to target, and that

low interest rates are working, although the feedthrough will take some time.

- On the semi issuance front SAFA priced A$1.0bn of its new 1.75% May 2032 line

at EFP +71.5bp (the bottom of the guidance range). Elsewhere, TCV mandated banks

for a new 1.50% Nov 2030 line, expected to launch some time next week.

- We also saw S&P suggest that the Coronavirus outbreak is unlikely to threaten

Australia's triple-A sovereign credit rating, with the ratings agency looking

for a 0.5ppt impact on Australia's 2020 GDP growth on the back of the outbreak

(which would result in 1.7% growth during calendar 2020, in its view).

- Bills finished -1 to +2 through the reds.

- The AOFM weekly issuance schedule headlines tomorrow's docket.