A calmer tone across markets as tensions over the banking sector fade was reducing demand for perceived haven assets, such as government bonds.
Treasury yields rose on Monday amid reduced demand for the safety of government paper as tensions in the banking sector eased
What’s happening What’s driving markets A calmer tone across markets as fading tensions over the banking sector was reducing demand for perceived haven assets, such as government bonds. The central bank is expected to take its Fed funds rate target to 4.9% by May 2023, and to have cut back to 4.1% by December, according to 30-day Fed Funds futures.
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