Well bid after the bell on decent......>

US TSY FLOWS: Well bid after the bell on decent volume (TYH>1.7M), off midday

highs afterWorld Health Org tweeted not declaring INTERNATIONAL virus

alert/alarm, adding "still too early to declare a public health emergency of

international concern given its restrictive and binary nature. 

- Futures saw modest bounce late. 3M10Y yld curve taking brunt of curve

flattening on day. Into the late risk-off unwind, sources report mid market

sellers of old bonds by a dealer, real$ buyer 2s vs. 10s. Huge 2s30s flattener

Block: -34,042 TUH, 107-27.25, sell through 107-27.75 post-time bid vs. +6,065

USH 159-30, buy through 159-27 post-time offer.

- Sources reported central bank sales in 3s, bank portfolio and real$ buying 10s

and 30s; 3M10Y flatteners. With Tsys holding near highs by late morning, sources

reported fast$ and prop acct buying 2s and 5s, central bank selling in 5s and

foreign real$ selling 10s. While 3M10Y yld curve flattens sharply, 5s and 10s

vs. 30s seeing some steepener interest on the move.

- The 2-Yr yield is down 1.9bps at 1.5096%, 5-Yr is down 3.1bps at 1.5436%,

10-Yr is down 3.8bps at 1.7308%, and 30-Yr is down 4.4bps at 2.1775%.