Reuters
Global stock exchanges surged on Wednesday as markets took heart from greater stability in the banking sector, but most Treasury yields edged higher as uncertainty lingered and bond investors gauged the impact of rising interest rates on economic growth. The sale of assets in Silicon Valley Bank (SVB) on Monday, the regional U.S. lender that collapsed on March 10, has propped up risk appetite among stock investors and eased stress across markets, giving cryptocurrencies and commodity prices a boost. MSCI's all-world country index, a gauge of stocks across the globe, gained 1.24% while yields on the two-year Treasury note, which typically move in step with interest rate expectations, rose 3.9 basis points to 4.101%.