Investors hope that authorities are working to ring-fence stress in the global banking system.
fell 8.5% on Friday and the cost of insuring its bonds against the risk of default jumped sharply, along with the credit default swaps of many other banks.
Over in the United States, depositors have been fleeing smaller banks for their larger cousins or to money market funds. Flows to money market funds have risen by more than $300 billion in the past month to a record atop $5.1 trillion.on Sunday said officials were watching "very, very closely" to see if the banking stress led to a credit crunch that threatened to tip the economy into recession.
Yields on two-year Treasuries have fallen an astonishing 102 basis points so far this month to stand at 3.77%, while the entire yields curve out to 30 years is below the 4.85% effective funds rate.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hundreds of banks would be vulnerable in SVB-style runs, researchers sayEconomists at Stanford, University of Southern California, Columbia and Northwestern found that because of rising interest rates hurting the value of certain assets such as bonds, U.S. banks hold $2 trillion less in assets than they appear to have on paper.
Weiterlesen »
Letters: Protect oceans | Alternative plans | Permanent ban | Agriculture economy | SVB collapseEast Bay Times Letters to the Editor for March 26, 2023
Weiterlesen »
SVB frayed trust in the banking systemAlmost no one understands how banks and bank accounts work — and the government isn't helping.
Weiterlesen »
Banking hearings on SVB collapse, GDP and Fed’s inflation gauge top week aheadBanking turmoil will be the focus of hearings in the coming week as investors monitor the future of firms including First Republic while also digesting home price and inflation data.
Weiterlesen »
Analysis-Banking woes, Fed keep investors on edge in nervous U.S. stock market By Reuters*BANKING WOES, FED TO KEEP INVESTORS ON EDGE IN WEEK AHEAD AMID NERVOUS U.S. STOCK MARKET $DIA $SPY $QQQ $VIX 🇺🇸🇺🇸
Weiterlesen »
Why the worst banking mess since 2008 isn't freaking out stock-market investors --- yetStocks are holding their own, but banking jitters aren't going away. Here's how some investors are coping.
Weiterlesen »