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The first Nigerian case of coronavirus......>

US TSYS
US TSYS: The first Nigerian case of coronavirus (with worry re: the spread in
Africa evident), continued worry in South Korea re: the virus, further signs of
the virus' effects on supply chains and spill over from U.S. trade (which saw
the 3 major U.S. equity indices enter technical correction) dented risk
sentiment in Asia-Pac trade. 10- & 30-Year Tsy yields made fresh all-time lows.
- T-Notes last +0-17+ at 133-28, pressing fresh highs as Europeans get to their
desks. Yields sit 2.6-3.8bp lower across the curve, comfortably reversing an
early marginal move lower in prices as regional traders got to grips with
yesterday's news/Fed re-pricing. Flow was dominated by a 20.0K screen buyer of
the TYK0 130.50 puts, while we saw relatively small block trades selling the
TYJ0 134.25 calls and lifting the TYJ0 134.75 calls (seperate trades).
- Eurodollar futures print 6.0-8.0 ticks higher through the reds, with EDM0
dominating activity, outperforming the rest of the whites and reds at the
margin.
- PCE data and Chicago PMI headline the local docket today, while we will hear
from Fed dove Bullard.
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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