Markets think the odds that the Fed pauses rate hikes at its upcoming meeting have shot up after Silicon Valley Bank's failure
has lit up odds that the Federal Reserve will hold off on raising interest rates at its meeting this month, a decision that would break a year-long string of aggressive hikes as investors recalibrate after the biggest bank failure since 2008.
US Treasury bond yields on Monday continued their steepest plunge since the global financial crisis, partially reflecting anticipation the Fed may hold rates steady at its March 21-22 meeting. The, which is sensitive to Fed-rate expectations, sank 49 basis points to 4.089%.
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