US stocks tumbled on Friday as traders digested fresh concerns in the global banking sector and the Federal Reserve's outlook on interest rates.
Bank shares led the dive. Deutsche Bank sank 14% in Frankfurt on concerns about the health of the German lender. Shares of UBS and Credit Suisse also fell afterBond yields are down across the curve this morning. Yields on the two-year Treasury are the lowest they've been in six months as investors eye a pause in rate hikes from the US central bank later this year.
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