2-year Treasury yield heads for biggest three-day plunge since 1987 as bank fallout upsets rate-hike calculations

Bond Report

Last Updated: March 13, 2023 at 2:31 p.m. ET First Published: March 13, 2023 at 6:13 a.m. ET

An earlier version of this article provided incorrect historical context for the magnitude of the decline in 2-year Treasury yields over the past three-session period. The decline in yields is the steepest over a three-session span since 1987. The error has been corrected.

Bond yields fell sharply on Monday as the failures of Silicon Valley Bank and Signature Bank had investors factoring in the chances of the Federal Reserve either pausing its rate-hike campaign or raising borrowing costs…