Expected economic reports are extremely heavy this week with a bulk of them coming Wednesday through Friday.
Today, February’s Treasury budget will reflect the early effects of this year’s big tax cuts with some analysts calling for a monthly deficit of $216.0 billion.
Today brings more work by the Treasury with 4-week, 3-month and 6-month Bill Auctions, along with the 10-year Note Auction taking place today.
Nonfarm payrolls rose an outsized 313,000 in February to beat estimates by more than 80,000. The month’s gain is one of the very largest of the post-2009 expansion in strength underscored by upward revisions to prior months totaling 54,000.
Overnight Sunday, the MSCI Asia Pacific Index rose 1.7 percent, its biggest one-day gain in more than a year – Japan’s Topix index closed 1.5 percent higher, with that region’s equities lifted by Friday’s U.S. payrolls number.