All it took was a classic bout of haven buying to wake up a slumbering Treasuries market and drive benchmark yields to the lowest in months.
At a time when the US government shutdown has delayed key official readings on employment and inflation, jitters around regional banks’ credit exposure jolted Treasuries last week, after yields had barely budged for days. The move came as an index of the lenders’ shares slid the most since April’s tariff-fueled market chaos.
