After Silicon Valley crisis, investors turn to these investments – ‎CNBC ‎

Investors flocked to safe-haven assets such as treasury bonds and gold amid an exceptional plan to support the banking system and limit the impact of the collapse of Silicon Valley Bank.

While the benchmark 10-year Treasury yield fell by about 20 basis points to 3.50%, touching the lowest level since February 3. The 10-year rate was last traded around 3.54%. The yield on two-year Treasury notes fell more than 40 basis points to 4.16%, also the lowest in more than five weeks.

Meanwhile, gold prices hit their highest since early February at $1,893.96. US gold futures rose 1.2% to $1,889.40. As investors tend to invest in the precious metal during financial shocks.

Investors sought safe havens as banking regulators rushed to back depositors with their money in Silicon Valley Bank and Signature Bank, in a bid to ease investor fears. Depositors at both institutions will have full access to their deposits as part of multiple moves approved by officials over the weekend.