Treasury yields rise on Monday following UBS’s takeover of Credit Suisse
Publishing timestamp: 2023-03-20 16:20:59
Summary
U.S. Treasury yields rose as investor confidence in the banking sector improved following UBS's takeover of Credit Suisse. The Fed also announced a joint liquidity operation with other central banks to ease strains in global funding markets. The Fed's next meeting is expected to result in a 25 basis point rate increase, but some believe they should stop hiking rates altogether due to the near-certain prospect of a coming credit crunch.
Sentiment: NEUTRAL
Tickers: CSG.N-CH, US10Y, KRE, US2Y, SBNY, UBSG-CH,
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