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September 01, 2020 1:29pm
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SVB’s collapse makes it impossible to say what stocks are worth as bond-market volatility explodes

The fallout from the closure of three U.S. banks in the span of a week is making it near-impossible for analysts to determine a fair valuation for stocks as volatility in the U.S. government bond market surges to its highest level in more than a decade, market strategists said.
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