Treasury yields rise as traders weigh a First Republic rescue
Publishing timestamp: 2023-03-16 16:19:38
Summary
Treasury yields rose as investors weighed a rescue plan for First Republic, a regional U.S. bank. Credit Suisse shares remained unchanged after borrowing up to $54 billion from Swiss National Bank. Regional U.S. bank stocks recovered slightly after the collapse of Silicon Valley Bank last week. 11 banks pledged $30 billion in deposits to First Republic. The European Central Bank announced a further rate hike of 50 basis points. Inflation data and housing numbers surged while jobless claims tumbled.
Sentiment: NEUTRAL
Tickers: US2Y, CSG.N-CH, CS, US10Y,
Keywords: u.s. treasury bonds, inflation, stock markets, u.s. economy, business news, federal reserve bank, interest rates, treasury bills, u.s. 2 year treasury, treasury notes, economic outlook, credit suisse group ag, united states, u.s. 10 year treasury, economic events, bonds,
Source: https://www.cnbc.com/2023/03/16/us-treasury-yields-investors-mull-over-stock-market-outlook.html