The focus remains on coronavirus &.....>

BOND SUMMARY: The focus remains on coronavirus & efforts to mitigate its impact.

T-Notes trade +0-30 at 138-06, off an earlier high & at a low volume. Yields

last seen 0.7-4.2bp lower in cash trade. Eurodollars sit -1.75 tick to +7.5

ticks through the reds.

- JGB futures last seen at 153.29, 106 ticks below settlement. The contract has

been offered even as Japanese equities have taken their cue from Wall St. The

Nikkei 225 has plunged ~10% and BoJ, MoF & FSA off'ls will meet to discuss mkt

moves later today. Elsewhere, BBG reported that the BoJ offered to buy Y500bn

worth of JGBs in an unscheduled repo operation, but only Y0.5bn was dealt. Cash

yields are higher across the curve, with belly underperforming. 

- Aussie bond futs have slipped around U.S. cash Tsy open; YM -5.0 & XM -8.5.

Yields trade 4.3-12.3bp higher, curve runs steeper. Bills last seen 7-12 ticks

lower through the reds. The AOFM delayed the publication of its weekly issuance

schedule until 14:00 local time.