2-year Treasury yield posts biggest 3-day decline since aftermath of 1987 stock crash
Publishing timestamp: 2023-03-13 16:21:42
Summary
The collapse of Silicon Valley Bank and subsequent government backstop of the banking system has caused investors to flock to US government bonds, sending Treasury yields tumbling. The Federal Reserve's upcoming interest rate decision is now seen as "data-dependent" and Goldman Sachs no longer thinks the Fed will hike rates. However, traders are still pricing in a 2-to-1 chance of a rate hike at the March meeting. Investors are also bracing themselves for key inflation data due this week.
Sentiment: NEUTRAL
Tickers: .SPX, SIVB, US10Y, US2Y,
Keywords: treasury notes, treasury bills, s&p 500 index, monetary policy, economic events, economic outlook, economy, jerome powell, bonds, business news, u.s. economy, u.s. treasury bonds, u.s. 2 year treasury, interest rates, u.s. 10 year treasury,
Source: https://www.cnbc.com/2023/03/13/us-treasury-yields-investors-assess-the-state-of-the-economy.html