The latest uptick in Coronavirus............>

US TSYS: The latest uptick in Coronavirus cases/deaths & the U.S. raising the

warning level re: citizen travel to China i.e. not to travel, dented risk in

Asia, while the Chinese PMIs & the Senate seemingly being on track to acquit

President Trump re: impeachment, assuaged some of the worry. T-Notes are 0-04+

off overnight session lows, but still -0-07+ lower than settlement at 131-02+,

with yields 0.2-0.4bp lower across the curve, after what was a fairly contained,

albeit interesting, Asia session. Flow wise, 10.0K 1x2 TYJ0 129.50/128.50 (which

was followed by 5.0K trading on screen), 10.0K 1x2 TYJ0 129.00/128.00 & 10.0K

1x2 USJ0 156.00/154.00 put spreads were lifted via blocks. The European

crossover has seen ~6.0K of FVJ0 119.50/121.25 risk reversals given at 0.5.

- Worth re-flagging yesterday's late rally in U.S. equities and big beats in

Amazon earnings, which came after the WHO declared the Coronavirus outbreak a

public health emergency of international concern. The WHO played up China's

efforts and capabilities to deal with the virus, which seemed to soothe worries.

- PCE data (embedded in yesterday's Q4 print), personal spending/income, UoM

sentiment (final) & Chicago PMI headline the local docket Friday.