Breaking News
Mar 13, 2023
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U.S. Treasury bond yields declined sharply and extended 3-day losses not seen since 1987 after investors grappled to understand the implications of the sustained rate hikes on small and mid-sized banks, depositor behavior and high yield bonds issuers and investors.
The rapid collapse of Silicon Valley Bank, Signature Bank and Silvergate Capital raised questions about the fragility of the U.S. banking system and lax oversight from the banking regulators.