Silicon Valley Bank crisis: US stocks battle for direction after collapse

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Stocks on Wall Street battle for direction as SVB's failure ignites fears for banks

But bond prices rallied Monday with investors betting that the Fed will ease up quicker than expected on its interest-rate hiking campaign in a bid to prevent contagion from SVB's collapse spreading across financial markets.fell over 39 basis points to 4.19% on Monday - it's biggest one-day drop since the financial crisis of 2008.were down 10 basis points to 3.60%. Bond prices rise when yields fall.

"A big steepening, with investors reassessing how far the Fed will go now given the news," Deutsche Bank managing director Jim Reid said in a Monday research note.

 

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Source: WSJ - 🏆 98. / 63 Read more »