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

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.