Morning Bid: And breathe - edgy market calm returns

also rallied for a second day and were up almost 4% early on Tuesday - following losses of up to 20% over the turbulent two weeks.was also up almost 4% and there were gains in many so-called AT1 bonds - junior bank debt at the eye of the Credit Sussie workout storm as investors in these bonds were wiped out even as shareholders got something from the UBS deal.across banking stocks and bonds seemed to hold, interest rate markets readjusted and focused squarely on Wednesday's Fed decision.

Futures markets that had only 24 hours ago doubted the Fed would hike rates again in this cycle, now see an 80% chance of another quarter point rate rise this week. They still price up to half a point of rate cuts from there to year-end, although that's half of what was priced early on Monday.Wildly volatile U.S. Treasury markets also appeared to find a level, with 2-year Treasury yields climbing back above 4% from as low as 3.63% yesterday.

The MOVE has recorded its biggest monthly rise since the banking crash of 2008 and is more than twice the average level of the last 20 years.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morning Bid: Investors adopt the brace position as banks toppleA look at the day ahead in European and global markets from Wayne Cole
Source: Reuters - 🏆 2. / 97 Read more »

Morning Bid: Fed halt being priced as bank blaze smouldersA look at the day ahead in U.S. and global markets from Mike Dolan If they pause now inflation will go bananas! Pfft. You know damned good and well the FED NEVER puts all of America First when they steal money. Can we have another article about bitcoin and how its goin to 0 ? At 16k you pumped quite a lot of them
Source: Reuters - 🏆 2. / 97 Read more »

Morning Bid: Europe, US reverse bank jitter sell-offs: will Asia follow?A look at the day ahead in Asian markets from Stephen Culp. Yeah. Just like the good news on January 2, 1930. They said it was on the way up then, too. See? It's all fake.
Source: Reuters - 🏆 2. / 97 Read more »

Morning Bid: Signs of confidence re-emerge after bank stormA look at the day ahead in European and global markets from Anshuman Daga
Source: Reuters - 🏆 2. / 97 Read more »

ComEd Four trial: Jury hears phone calls between ex-Speaker Mike Madigan, defendant Mike McClainOn day four of the so-called 'ComEd Four' trial, the conversation finally began to move on from last week's examination of Madigan's power over the General Assembly, and onto ComEd itself.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

UN's assessment on Climate Change, looking back on the first day of Spring 2023Chief Meteorologist Mike Iscovitz shares his thoughts in the latest installment of Mondays with Mike.
Source: FOX26Houston - 🏆 448. / 53 Read more »