U.S.-China sabre rattling and..........>

BOND SUMMARY: U.S.-China sabre rattling and concerns over the coronavirus crisis

have lent some modest support to core FI this morning. T-Notes have inched

higher and last trade +0-04+ at 139-11+, with cash Tsy yields little changed

across the curve. Eurodollar futures last seen unch. to +0.5 tick thru reds.

- JGB futures trade on a slightly firmer footing, last at 152.11, +4 ticks vs.

settlement. Yields are lower across the cash curve. There is a liquidity

enhancement auction for off the run 5-15.5 Year JGBs scheduled for today.

- Australian YM is unch. & XM +1.5 at typing. Light twist flattening seen in

cash trade, with yields sitting +0.6bp to -1.4bp across the curve. Bills last

seen unch. to -1 tick through the reds. The AOFM auctioned A$150mn worth of

0.75% 21 Nov 2027 I/L Bond, focus turns to Australian NAB Business Confidence &

weekly payroll jobs and wages data.