U.S. bond yields dived on Wednesday as troubles at Swiss banking giant Credit Suisse reverberated around financial markets and prompted traders to factor in a full percentage point of rate cuts from the Federal Reserve by year-end.
What’s happening
What’s driving markets
Treasury yields plunged on Wednesday after the biggest shareholder in Credit Suisse CS said it would not invest any more funds in the beleaguered Swiss lender, according to a Bloomberg report. Credit Suisse’s shares dropped to a record low…
