US bond future showing signs of strength with major push up due to failure of banks andgiant credit suisse. US 2y Bond future RSI has rarely hit above 70 points and only happen in 2008, 2018 and 2020. Bond are safe haven assets with sudden spike will cause turmoil in the market. Looking back to 2008, 2018 and 2020 bond future prices can spike quickly within month or so. I believe the treasury, FDIC and federal reserve will stabilise the banking sector coming month before unrealises losses in financial sector starting to show in Q4 to early 2024. 

As for now I'm extremely bearish with the market not so much on the tech sector. The additional lending program is only a cushion on affected banks and FDIC insured $250k for mid size bank only to hold of bank runs. We have yet to see investment banking reports on how much billions on bonds and security. The scale comparing to 2008 and now isbillion to trillion.

$Credit Suisse Group AG(CS)$ $Cboe Volatility Index(VIX)$ $SPDR S&P Regional Banking ETF(KRE)$ $SPDR S&P 500 ETF Trust(SPY)$