YM & XM operate at unchanged levels,...>

AUSSIE BONDS: YM & XM operate at unchanged levels, following the impetus from

Tsys in SYCOM trade, before fading in early Sydney dealing as Tsys pared some of

their gains into the bell. Coronavirus headlines will continue to dominate

headline flow, with the death count topping 1,000 (per Hubei province numbers),

although the case growth rate seemingly remains off highs (will wait for

national figures to confirm). Worth noting this may be due to some massaging of

the numbers. An Apple HK reporter has noted that "Chinese NHC has changed their

definition of #WuhanCoronavirus "confirmed case" in their latest guidelines

dated 7/2. Patients tested positive for the virus but have no symptoms will no

longer be regarded as confirmed. This inevitably will lower the numbers."

- Early corporate flow has seen Sumitomo Mitsui mandate for a new 2.5 Year

floating A$ note, while First Abu Dhabi has launched 5-Year fixed and/or

floating A$ paper. On the semi front, WATC launched a new benchmark 5-Year

floater.

- Housing finance data and the latest NAB Biz survey headline today. We will

also see I/L supply from the AOFM.