US Trade Balance Widens To All-time High, Rise In Imports, Drop In Exports (10Y Treasury Yield Sags To 1.884%, Russian Ruble Getting Clobbered)

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by confoundedinterest17

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.

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At least Putin hasn’t put himself on Russian currency … yet. Or nyet.

 

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