Investors Seek Safety in Treasury Bonds Amid Market Turmoil.
TL;DR Summary
U.S. Treasury yields fell as Credit Suisse's downturn once again pressured bank shares, prompting a flight to traditionally safer bonds. The yield on the 10-year Treasury was down by just over 15 basis points to 3.481%. The 2-year Treasury yield was trading at 3.933% after falling by more than 29 basis points. Many investors had been expecting the Fed to announce a 50 basis point rate hike at the conclusion of its meeting, but the aftermath of Silicon Valley Bank's collapse caused uncertainty about the Fed's policy path.
- Treasury yields fall as investors flock to bonds with bank stocks once again under pressure CNBC
- Hedge funds stung by bond market fallout from Silicon Valley Bank collapse Financial Times
- U.S. Treasury Yields Renew Sharp Drop The Wall Street Journal
- 2-year Treasury yield rebounds after biggest 3-day slide since 1987 CNBC
- Treasuries Liquidity Dwindles as SVB Crisis Muddies Fed Outlook Bloomberg
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