The policy-sensitive 2-year Treasury yield spiked after a report that several big banks are talking about a potential funding deal with First Republic Bank. Read More...
The policy-sensitive 2-year Treasury yield spiked, along with the rate on 6-month T- bills, after a report that several big banks are talking about a potential funding deal with First Republic Bank.
What’s happening
What’s driving markets
On Thursday, The Wall Street Journal reported that JPMorgan Chase, Morgan Stanley and other big banks were talking about a way to shore up First Republic Bank FRC, including a potential capital infusion. The report gave U.S. stocks a lift and sent rates on 6-month, 1-year,…
Add Comment