{"id":2350,"date":"2023-03-15T16:02:49","date_gmt":"2023-03-15T21:02:49","guid":{"rendered":"https:\/\/embarrdowns.com\/treasury-yields-and-stock-indexes-plunge-as-fed-rate-hike-odds-fall\/"},"modified":"2023-03-15T16:02:50","modified_gmt":"2023-03-15T21:02:50","slug":"treasury-yields-and-stock-indexes-plunge-as-fed-rate-hike-odds-fall","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/treasury-yields-and-stock-indexes-plunge-as-fed-rate-hike-odds-fall\/","title":{"rendered":"Treasury Yields and Stock Indexes Plunge as Fed Rate Hike Odds Fall"},"content":{"rendered":"

The 10-year Treasury yield tumbled 21 basis points to 3.48% last week, while the 2-year Treasury yield plunged 50 basis points to 4.9%, as Fed rate hike odds fall. The 10-year Treasury yield trended down 0.074 percentage points at 3.56%, and the 2-year yield was down 5 basis points at 4.17%. Bond yields fell and the major stock indexes were down significantly. The Dow Jones Industrial Average fell 1.6%, or more than 500 points, the S&P 500 plunged 1.4%, and the Nasdaq Composite dropped 1%.[0]<\/a><\/sup><\/p>\n

First Republic Bank (NYSE:FRC) stock crashed more than 60% Monday morning, even after saying it got fresh funding from the Federal Reserve and JPMorgan.[0]<\/a><\/sup> The Western Alliance has seen a drop of more than 60%.[1]<\/a><\/sup> In spite of a Citigroup upgrade, Schwab dropped by 6%.[1]<\/a><\/sup> Despite receiving an upgrade from Wells Fargo on Friday, JPMorgan Chase (JPM) dropped 1%.[1]<\/a><\/sup> BAC (Bank of America) dropped 3%.[1]<\/a><\/sup> The XLF financial ETF experienced a slight decrease, whereas the KRE regional bank ETF experienced a large drop.[1]<\/a><\/sup><\/p>\n

At 6:45 P.M. Eastern Time (10:45 P.M. Greenwich Mean Time), futures of the Dow Jones, Nasdaq 100, and S&P 500 all dropped slightly,[2]<\/a><\/sup><\/p>\n

UMB, based in Kansas City, has the highest local market share of any regional or national bank in the metro area.[3]<\/a><\/sup> Amid a collection of regional banks across the nation that experienced a notable drop in their share prices, the federal government sought to restore faith in the American banking system.[3]<\/a><\/sup><\/p>\n

On Tuesday, traders were active on the floor of the New York Stock Exchange in New York City.[4]<\/a><\/sup> On Wednesday, stock prices plummeted due to concerns that apprehensions about the banking sector were escalating to other parts of the globe.[5]<\/a><\/sup><\/p>\n

The Producer Price Inflation report for February will be released by the Bureau of Labor Statistics.[6]<\/a><\/sup> It is anticipated that the month-on-month rise in wholesale prices will be 0.3%, which is more sluggish than January’s 0.7% increase.[6]<\/a><\/sup> It is predicted that the yearly rate will diminish from 6% to 5.4%.[6]<\/a><\/sup> It is anticipated that the core Personal Price Index (PPI) will increase by 0.4% from the month of January, when it grew by 0.5%, and the yearly rate could have declined from 5.4% to 5[6]<\/a><\/sup><\/p>\n

The 10-year Treasury yield, 2-year Treasury yield, and major stock indexes all saw significant drops this week.<\/p>\n

0. <\/span>“S&P 500 off lows, but Credit Suisse-led distress in banks weighs By Investing.com” Investing.com, 15 Mar. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/sp-500-off-lows-but-credit-suisseled-distress-in-banks-weigh-3031534<\/a><\/a><\/p>\n

1. <\/span>“What To Do As S&P 500 Breaks Final Support; Watch JPMorgan, These Stocks | Investor’s Business Daily” Investor’s Business Daily, 12 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/what-to-do-as-sp-500-breaks-final-support-watch-jpmorgan-these-bank-stocks\/<\/a><\/a><\/p>\n

2. <\/span>“Dow Jones futures fall 600 points following international bank shares’ sharp decline” Washington Examiner, 15 Mar. 2023, https:\/\/www.washingtonexaminer.com\/policy\/economy\/dow-jones-futures-fall-international-bank-shares-decline<\/a><\/a><\/p>\n

3. <\/span>“UMB, Kansas City\u2019s largest bank, sees stock plunge following Silicon Valley collapse” Kansas City Star, 13 Mar. 2023, https:\/\/www.kansascity.com\/news\/business\/article273090520.html<\/a><\/a><\/p>\n

4. <\/span>“Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoil” ABC News, 15 Mar. 2023, https:\/\/abcnews.go.com\/Business\/bank-stocks-tumble-amid-silicon-valley-bank-turmoil\/story?id=97878825<\/a><\/a><\/p>\n

5. <\/span>“U.S. stocks drop on worries about Credit Suisse, global banking” NPR, 15 Mar. 2023, https:\/\/www.npr.org\/2023\/03\/15\/1163640413\/credit-suiss-banks-silicon-valley-bank-signature-bank<\/a><\/a><\/p>\n

6. <\/span>“Nasdaq, S&P Futures Plunge As Credit Suisse Crisis Deepens, Bringing Banks Back In Spotlight – Invesco QQ” Benzinga, 15 Mar. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/03\/31356855\/nasdaq-s-p-futures-plunge-as-credit-suisse-crisis-deepens-bringing-banks-back-in-spotlight<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 10-year Treasury yield tumbled 21 basis points to 3.48% last week, while the 2-year Treasury yield plunged 50 basis points to 4.9%, as Fed rate hike odds fall. The 10-year Treasury yield trended down 0.074 percentage points at 3.56%, and the 2-year yield was down 5 basis points at 4.17%. Bond yields fell and the major stock indexes were down significantly. The Dow Jones Industrial Average fell 1.6%, or more than 500 points, the S&P 500 plunged 1.4%, and the Nasdaq Composite dropped 1%.[0]<\/a><\/sup><\/p>\n

First Republic Bank (NYSE:FRC) stock crashed more than 60% Monday morning, even after saying it got fresh funding from the Federal Reserve and JPMorgan.[0]<\/a><\/sup> The Western Alliance has seen a drop of more than 60%.[1]<\/a><\/sup> In spite of a Citigroup upgrade, Schwab dropped by 6%.[1]<\/a><\/sup> Despite receiving an upgrade from Wells Fargo on Friday, JPMorgan Chase (JPM) dropped 1%.[1]<\/a><\/sup> BAC (Bank of America) dropped 3%.[1]<\/a><\/sup> The XLF financial ETF experienced a slight decrease, whereas the KRE regional bank ETF experienced a large drop.[1]<\/a><\/sup><\/p>\n

At 6:45 P.M. Eastern Time (10:45 P.M. Greenwich Mean Time), futures of the Dow Jones, Nasdaq 100, and S&P 500 all dropped slightly,[2]<\/a><\/sup><\/p>\n

UMB, based in Kansas City, has the highest local market share of any regional or national bank in the metro area.[3]<\/a><\/sup> Amid a collection of regional banks across the nation that experienced a notable drop in their share prices, the federal government sought to restore faith in the American banking system.[3]<\/a><\/sup><\/p>\n

On Tuesday, traders were active on the floor of the New York Stock Exchange in New York City.[4]<\/a><\/sup> On Wednesday, stock prices plummeted due to concerns that apprehensions about the banking sector were escalating to other parts of the globe.[5]<\/a><\/sup><\/p>\n

The Producer Price Inflation report for February will be released by the Bureau of Labor Statistics.[6]<\/a><\/sup> It is anticipated that the month-on-month rise in wholesale prices will be 0.3%, which is more sluggish than January’s 0.7% increase.[6]<\/a><\/sup> It is predicted that the yearly rate will diminish from 6% to 5.4%.[6]<\/a><\/sup> It is anticipated that the core Personal Price Index (PPI) will increase by 0.4% from the month of January, when it grew by 0.5%, and the yearly rate could have declined from 5.4% to 5[6]<\/a><\/sup><\/p>\n

The 10-year Treasury yield, 2-year Treasury yield, and major stock indexes all saw significant drops this week.<\/p>\n

0. <\/span>“S&P 500 off lows, but Credit Suisse-led distress in banks weighs By Investing.com” Investing.com, 15 Mar. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/sp-500-off-lows-but-credit-suisseled-distress-in-banks-weigh-3031534<\/a><\/a><\/p>\n

1. <\/span>“What To Do As S&P 500 Breaks Final Support; Watch JPMorgan, These Stocks | Investor’s Business Daily” Investor’s Business Daily, 12 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/what-to-do-as-sp-500-breaks-final-support-watch-jpmorgan-these-bank-stocks\/<\/a><\/a><\/p>\n

2. <\/span>“Dow Jones futures fall 600 points following international bank shares’ sharp decline” Washington Examiner, 15 Mar. 2023, https:\/\/www.washingtonexaminer.com\/policy\/economy\/dow-jones-futures-fall-international-bank-shares-decline<\/a><\/a><\/p>\n

3. <\/span>“UMB, Kansas City\u2019s largest bank, sees stock plunge following Silicon Valley collapse” Kansas City Star, 13 Mar. 2023, https:\/\/www.kansascity.com\/news\/business\/article273090520.html<\/a><\/a><\/p>\n

4. <\/span>“Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoil” ABC News, 15 Mar. 2023, https:\/\/abcnews.go.com\/Business\/bank-stocks-tumble-amid-silicon-valley-bank-turmoil\/story?id=97878825<\/a><\/a><\/p>\n

5. <\/span>“U.S. stocks drop on worries about Credit Suisse, global banking” NPR, 15 Mar. 2023, https:\/\/www.npr.org\/2023\/03\/15\/1163640413\/credit-suiss-banks-silicon-valley-bank-signature-bank<\/a><\/a><\/p>\n

6. <\/span>“Nasdaq, S&P Futures Plunge As Credit Suisse Crisis Deepens, Bringing Banks Back In Spotlight – Invesco QQ” Benzinga, 15 Mar. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/03\/31356855\/nasdaq-s-p-futures-plunge-as-credit-suisse-crisis-deepens-bringing-banks-back-in-spotlight<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":2349,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/2350"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=2350"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/2350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/2349"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=2350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=2350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=2350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}