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SQUAWK BOX, TUESDAY 14TH MARCH, 2023 episode artwork

Mar 14, 2023 32 min

SQUAWK BOX, TUESDAY 14TH MARCH, 2023

from Squawk Box Europe Express

Japanese banks lead losses in Asian trade - as global financial stocks lose almost half a trillion dollars in market value in the wake of Silicon Valley Bank's collapse. U.S. banks post their worst day in three years as ratings agency Moody's places First Republic Bank and five other lenders on downgrade watch. Turmoil in the banking sector sparks a furious rally in U.S. government bonds with the 2-year Treasury yield seeing its biggest three-day decline since 1987. And U.S. measures to prop up the financial system drive bitcoin and other crypto assets higher, easing fears of the sector's exposure to SVB.

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SQUAWK BOX, TUESDAY 14TH MARCH, 2023

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