The rates were steeply increased; Fed hiked by 475 bps in just 12 months, a historic jumbo. The banking sector had to pay the price of the monetary maven.It took a toll on the system; SVB, Silvergate Capital, First Republic, Signature Bank, and Credit Suisse had to be bailed out
US stocks: Tech selloff weighs down Wall Street as bond yields climb
Wall Street faced a downturn as escalating tensions in the Middle East triggered a surge in bond yields. A steep decline was particularly evident in