Coronacrisis resolution, positive news, slowdown in infections to reduce safe-haven asset demand and reduce US$ valuation. Federal Reserve’s stimulus to debase currency. US trade deficit narrows to $40 bn. Feb imports fall 2.5 percent to USD 247.5 billion and exports edge down 0.4 percent to USD 207.5 billion. Goods deficit with China narrows. Developed markets rates difference narrows as yields fall.