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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