- US stocks rise over 1.5% as regional bank shares rebound after two-day selloff.
- Two-year Treasury yield climbs following data showing elevated inflation in February.
- Swaps traders expect Fed to lift rates by a quarter percentage point next week.
- US consumer prices rise 0.4% in February, meeting economists’ forecast.
- Gold slides, oil extends declines.
Stocks Jump on Bank Rebound; Treasuries Fall: Markets Wrap
US stock climbed as traders wager the worst of the banking sector turmoil has passed, while Treasury yields climbed after the latest inflation reading cemented bets for a Federal Reserve rate hike next week.
Carly Wanna
