Daily Market Commentary

March 7, 2019

Treasuries are marginally higher in early U.S. trading Thursday, futures near top of Wednesday's range on light volume; with few risk events slated in U.S., direction may come from ECB rate decision (7:45am) and Draghi comments on it (8:30am).

Productivity gains in the U.S. last quarter exceeded forecasts though were little changed from the prior reading as output and hours worked both cooled, with efficiency improvements surpassing the recent average for a third period.

Mario Draghi revealed the biggest cut in the European Central Bank's economic outlook since the advent of its quantitative-easing program as policy makers delivered a new round of stimulus to shore up growth.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy or sell.

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