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With the news flow still dominated.....>

BOND SUMMARY
BOND SUMMARY: With the news flow still dominated by Coronavirus (the death toll
in China is reportedly north of 130 now), govvies remain bid. 
- British Airways announced that it is suspending direct flights in and out of
China. 
- USTs have rallied with the TYH0 trading at 130-22, close to the highs of the
session. Cash yields are 2-3bp lower. 
- Bunds have got off to a strong start with the curve marginally bull
flattening. Current yield levels: 2-year -0.636%, 5-year -0.589%, 10-year
-0.363%, 30-year 0.148%.
- Gilt yields have inched lower with the curve close to flat. 
- BTPs are the big mover in EGB space with yields 4-5bp lower in early trading. 
- Data releases are relatively thin today with attention focused on the upcoming
FOMC meeting.
- MNI has published its FOMC preview and will shortly publish the BoE preview as
well.

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