The novel coronavirus still............>

BOND SUMMARY: The novel coronavirus still dominates the headlines. Core FI have

softened a tad on the back of China's daily case count (with cases in Hubei

province moderating to lowest levels since the start of the month) as well as a

continued uptick in recovery numbers evident, outweighing the uptick in the

death toll (at least from a market perspective).

- T-Notes trade -0-09 at 131-02+. Cash Tsys is closed due to a market holiday in

Japan. Eurodollars last seen 1.0-3.0 ticks higher through the reds.

- In Australia, YM -1.0 & XM unch. The local housing finance data was stronger

than expected, applied some modest pressure to the space. Aussie bond yields sit

0.2-0.8bp higher across the curve. Bills trade 1-3 ticks lower through the reds.

The AOFM auctioned A$100mn worth of the 2.50% 20 Sep 2030 I/L ACGB, drawing the

cover ratio of 8.4000x.