U.S. Treasury yields climbed on Monday as investors assessed the latest changes in the banking sector and concerns about its future eased slightly.
Concerns about both regional and global banks have spread rapidly in recent weeks as investors fretted about whether SVB's collapse and Credit Suisse's takeover by UBS were a sign of sector-wide contagion.
, its chairman Jerome Powell said last week after the central bank hike interest rates by 25 basis points. It also hinted at a potential pause of rate increases on the horizon.that limited stress in the financial system with easing inflation and indicated that further rate hikes were still an option.
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