March 16, 2023 02:07 GMT
Major Market Measures Move Away From Post-Credit Suisse Headline Extremes
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Headline flow has died down since the initial knee-jerk moves surrounding news that Credit Suisse will enter a liquidity pact with the SNB. Ultimately, jitters surrounding the banking sector remain evident as the impact of SVB’s meltdown continues to reverberate, emboldening investors when it comes to targeting perceived frailties in the sector. U.S. Tsys are off session cheaps but still softer than NY closing levels, e-minis are off best levels but above NY closing prints and USD/JPY is off session highs, below Wednesday’s close. The Hang Seng operates at session lows, -2.2%.
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