Investors turn to bonds and gold amid banking crisis fears and Fed rate moves.

Investors turned to safe-haven assets such as Treasuries and gold as regulators backed depositors with money at Silicon Valley Bank and Signature Bank, seeking to ease systemic contagion fears. The benchmark 10-year Treasury yield fell nearly 20 basis points to 3.50%, while gold hit its highest since early February. The collapse of Silicon Valley Bank marked the largest U.S. banking failure since the 2008 financial crisis, and concerns about the health of smaller, regional banks deepened after regulators shut down a second institution Sunday.