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2-year Treasury yield heads for biggest three-day plunge since 2008 as bank fallout upsets rate-hike calculations
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Bond yields fell sharply on Monday as the failures of Silicon Valley Bank and Signature Bank had investors factoring in the chances of the Federal Reserve either pausing its rate-hike campaign or raising borrowing costs more slowly this month.
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The monetary policy-sensitive 2-year Treasury yield briefly plunged by 60 basis points, to below 4%, early Monday as investors fretted that worries about the banking system after the collapse of California’s Silicon Valley Bank…
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