The dollar and US Treasuries are king as Coronavirus worries are on the rise again. Overnight we had reports of a sharp increases in cases in South Korea; the virus overwhelming authorities in Iran and a strong increase in infections in Beijing amid rumors that the capital could suffer a Wuhan-like lockdown. Furthermore, economic data was quite terrible, which should come as no surprise. South Korean exports decreased according to a preliminary reading for February, though the 6.3% annualized decline could have been worse.
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