The U.S. merchandise-trade deficit unexpectedly widened in January to an all-time high, reflecting a record value of imports and a drop in shipments overseas.
The shortfall grew to $107.6 billion last month from $100.5 billion in December, according to Commerce Department data released Monday.
Meanwhile, the US Treasury 10Y yield fell to 1.884%.
The cost for shipping from the US to China has surged.
Meanwhile, the Russian Ruble is getting clobbered.
At least Putin hasn’t put himself on Russian currency … yet. Or nyet.