U.S Treasury yields declined on Monday as investors assessed the state of the economy after the collapse of Silicon Valley Bank.
As fears about contagion across the banking sector spiked, many investors looked to government bonds and other traditionally safer assets.
Investors also braced themselves for a series of key inflation data due this week. February's consumer inflation report and the latest reading of the core inflation rate are expected Tuesday, followed by wholesale inflation data on Wednesday.last week that the central bank's upcoming interest rate decision would be data-dependent. Powell also suggested that interest rates would likely go higher than expected as the Fed's battle with inflation continues.
Many investors are now expecting the central bank to hike rates by 50 basis points at its next meeting and will be looking to this week's inflation data for further hints about upcoming monetary policy decisions.
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