The market is adamant that we’re living in historic times, so it’s best to treat them accordingly. The weekend saw a package of measures to rescue depositors in the failed Silicon Valley Bank and Signature Bank. That led to a day for the record books in world markets.
Here is my superlative collection for March 13:
The biggest one-day slump for the 2-year Treasury yield (61 basis points) since 1982; the fall during the Black Monday crash of 1987 was 59 basis points;