Katherine Greifeld

The stock market, usually an arena for shoot-first speculators whose grasp of big-picture meanings can be tenuous, absorbed Silicon Valley Bank’s downfall and the contagion fears that followed with relative ease.

Bond market is overplaying the risk of a deep recession

WHEN banks started going belly-up, the reaction in bonds was emphatic. Two-year Treasury yields slid a percentage point over three days in March, the most since 1982.