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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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Stock Market Today: Regional Bank Shares Tumble After Regulators Announce Silicon Valley Bank PlanRegional bank shares slid premarket and investors piled into the safety of bonds after regulators tried to limit the damage from Silicon Valley Bank's collapse creditscom creditscom creditscom
Source: WSJ - 🏆 98. / 63 Read more »