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Two-year Treasury yields see biggest monthly drop since 2008 after bank turmoil

Por: MarketWatch Business March 31, 2023

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Two-year Treasurys “rallied unimaginable amounts in the middle of the month,” said Michael Kushma, chief investment officer of broad markets fixed income at Morgan Stanley Investment Management, in a phone interview. Around mid-March, the Federal Reserve announced an emergency bank term funding program after the sudden collapse of California’s Silicon Valley Bank and New York’s Signature Bank. The run on Silicon Valley Bank had sparked... + full article



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