U.S. Trade Deficit Preview U.S. Trade Deficit Preview: January trade data is out on Friday and should reveal a -$40.0 B (median -42.0 B) deficit for the month on the heels of a -$46.6 B deficit in December. The recent collapse in oil prices has been supportive of trade balances since the declines began.
Treasury Closing Summary: Treasury Closing Summary: Treasuries were led through the nose by Bunds on Thursday as ECB's Draghi outlined his plans for QE and what not to QE. Greek and Cypress waivers were not reinstated while negotiations continued on their reform compliance. Along with bullish medium-term growth and inflation forecasts (thanks to QE) and a lower bound of -0.2% on debt purchases with negative yields, that stirred the pot - first against Bunds, then in favor. Likewise, Treasuries slumped and then snapped higher, largedly shrugging off updates on jobless claims and productivity. That said, short-dated rate flows were very active following the ECB presser and ahead of tomorrow's payrolls report.
Citigroup agriculture analysts hold an analyst/industry conference call Analysts, along with representatives from the crop seed distribution industry, provide insight on crop input demand trends on an Analyst/Industry conference call to be held on March 13 at 1 pm.