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Good morning from the Financial Times.

Today is Tuesday, March 14th, and this is your FT News Briefing.

The collapse of Silicon Valley Bank has prompted a flight to safety around the world.

US bank stocks had another bad day, and venture capitalists are pointing fingers at each other

for their role in the tech bank's demise. We'll talk to FT journalists in London,

Wall Street, and California about the latest developments. I'm Sonia Hudson in

from Mark Filipino, and here's the news you need to start your day.

The US government may have acted swiftly to take over Silicon Valley Bank and

shore up confidence in the broader banking system, but the market jitters are continuing to spread.

Here's the FT's markets editor, Katie Martin.

It's been really genuinely quite shocking the scale of the reaction in global markets.

So you look at the government bond market, they have absolutely

rocketed in price yields have absolutely collapsed at one point.

There was the biggest move on two-year US government debt that we've seen since 1987,

and that's partly a flight to safety. You know, the bonds like that always do well when investors

have got the EBGBs were anything, but it's also a massive bet that the US Federal Reserve simply

won't be able to keep raising rates as fast as it previously indicated, and some even think it

might have to stop raising rates at all. So Katie, why is this happening? I mean, SBB was one bank

in the US. It had its own unique problems, and it's still unclear whether other US banks have

similar problems. Why would there be such a global impact?

...