Quote of the Day

"The irony in this loss of trust is that the ultimate driver is tech itself. What made the Silicon Valley Bank run unique was (1) the ease with which its customers could execute withdrawals and (2) the speed with which news of Silicon Valley Bank’s impending demise spread."

(Ben Thompson)

Chart of the Day

Treasury rates have reacted strongly to this weekend’s events. (chart via @ycharts)

(axios.com)