Investors rush into bonds, gold in flight to safety after SVB rescue
Publishing timestamp: 2023-03-13 11:00:21
Summary
Investors turned to safe-haven assets such as Treasurys and gold as regulators rushed to backstop depositors with money at Silicon Valley Bank and Signature Bank, and concerns about the health of smaller, regional banks deepened after the collapse of Silicon Valley Bank. Stock futures initially opened higher on the government's plans, but have since rolled over. HSBCon announced a deal to buy the UK subsidiary of the failed US tech startup lender following all-night talks.
Sentiment: NEGATIVE
Tickers: JPM, US10Y, FRC, SBNY, TLT, GLD, US2Y, HSBA-GB,
Keywords: ishares 20+ year treasury bond etf, investment strategy, markets, stock markets, breaking news: investing, breaking news: business, business news, wall street, spdr gold shares, breaking news: markets,