Bond yields fall sharply as investors see a chance that the Federal Reserve will either pause its rate-hike campaign or raise borrowing costs more slowly. Read More...
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 next week.
What happened
What drove markets
The monetary policy-sensitive 2-year Treasury yield plunged by more than a half-of-a-percentage point on Monday as investors fretted that spillover from the banking system — after the collapse of California’s Silicon Valley Bank SIVB and…
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