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ANALYSIS: Federal Reserve probes SVB’s lack of Chief Risk Officer as DOJ also investigates bank in week that unleashed Treasury volatility, whiplashed investors

Destroyed SVB (Silicon Valley Bank) logo is seen in this illustration taken March 13, 2023.

By Carolina Mandl

Extreme volatility is rattling US Treasury markets in the wake of Silicon Valley Bank’s collapse and investors fear a prolonged bout of gyrations before calm returns to bond markets.

One measure of expected volatility in U.S. Treasuries – the ICE BoFA MOVE Index – has surged past its COVID-era high and now stands around levels last seen in the financial crisis.

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