Treasury yields dive as banks angst seen causing Fed to stand pat

Treasury yields fell sharply on Monday as risk aversion across markets caused investors to seek perceived havens and traders increased bets the Federal Reserve would not raise interest rates this week. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.748% slipped by 15.9 basis points to 3.666%. Yields move in the opposite direction to prices. The yield on the…