Market recovers as yields rise and Buffett profits.

The yield on the 2-year US Treasury rose to 4.041% as fears of a banking crisis eased and investors assessed the outlook for the US economy and Federal Reserve policy decisions. Fed officials have hinted that rate increases could be paused soon, but Chairman Jerome Powell has warned that the central bank's battle against inflation is not yet over. Fresh hints about the state of the economy and policy plans are expected from Fed speakers throughout the week and the release of the latest personal consumption expenditures price index on Friday.