por admin » Mié Mar 15, 2023 1:09 pm
Market Stress Snarls Trading in U.S. Treasurys
Making deals now is as hard as in early days of Covid-19, traders say
By Gunjan Banerji, Anna Hirtenstein and Eric Wallerstein
Updated March 15, 2023 at 1:02 pm ET
The markets for the world’s safest and most liquid assets, the government bonds issued by the U.S. and other rich countries, are coming under immense stress on Wednesday following a week of worries about the health of global banks.
Liquidity, the capacity to trade quickly at quoted prices, has fallen sharply in two of the keystone markets, those for U.S. Treasurys and German bunds, traders said. Difficulties in trading are now spreading to many other markets, including those for derivatives that firms and traders use to lock in prices and hedge risks weeks and months ahead of time, such as options, futures and swaps.
What's News
Market Stress Snarls Treasurys Trading as Stocks Slide
2 hours ago
Credit Suisse Shares Plunge as Bank Storm Spreads to Europe
43 mins ago
Bets Rise on Fed Holding Rates Steady Next Week
Live Coverage
Market Stress Snarls Treasurys Trading as Stocks Slide
The markets for the world’s safest and most liquid assets are coming under stress following a week of worries about the health of global banks. Yields on government bonds tumbled, while the Dow fell more than 500 points and the S&P 500 lost over 1%.
2 hours ago
Credit Suisse Shares Plunge as Bank Storm Spreads to Europe
Shares in the Swiss lender hit a fresh record low, reflecting increasing concerns that troubles that hit regional U.S. banks have migrated across the Atlantic.
43 mins ago
Bets Rise on Fed Holding Rates Steady Next Week
Traders are betting that the Federal Reserve will hold interest rates steady next week and cut them as soon as June.
Live Coverage
Video: How Silicon Valley Bank Collapsed in 36 Hours
Here’s how SVB’s collapse became the second-largest U.S. bank failure ever, and what it means for customers in the future.
1 hour ago
Live Updates: First Republic Downgraded as Stocks Slide
Investors fled to the relative safety of Treasurys as the fallout from the banking storm spread across markets. Credit Suisse led a rout in European banking shares, while First Republic was hit with a four-notch credit downgrade.
Live Coverage
Banks Resume Selloff After Credit Suisse Shares Drop
U.S. banks were on track for their lowest close since 2020 after Credit Suisse shares fell sharply, fanning concerns about the health of the financial system.
2 hours ago
Bank Chaos Clouds Outlook for Markets
Few investors had bank failures on their list of potential market risks for 2023.
2 hours ago
Economy Shows Signs of Cooling as Bank Troubles Spread
A drop in retail sales and an easing of inflation pressures last month shows the economy may be cooling after a hot start to the year.