Treasury yields plunged across the board Friday morning, as the flight-to-safety trade continued on concerns about financial-sector contagion after Silicon Valley Bank’s SIVB stock fell again in pre-market trading. The policy-sensitive 2-year Treasury yield dropped 22 basis points to 4.67%, while the 10-year rate fell 15 basis points to 3.76%. Though February’s jobs gains came above expectations at 311,000, analysts said the market was more focused on mild wage growth and the slight uptick in unemployment.
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