Daily Market Commentary

March 27, 2019

Treasuries surged to levels not seen in over a year as traders amped up bets on Federal Reserve interest-rate cuts this year and investors around the world sought out the safety of bonds amid growing concern about a slowdown in global growth.

The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost.

Mario Draghi said the European Central Bank is ready to soften the impact of negative interest rates if they are found to harm the transmission of its monetary policy. Draghi didn't elaborate on what measures the ECB might adopt.

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