- US stock futures rose more than 1%, while the dollar fell against major peers as traders digested regulators' steps to shore up the American financial sector in the aftermath of Silicon Valley Bank's failure.

- Treasury Secretary Yellen said her department would protect "all depositors" at the bank, whose failure on Friday was the largest such event since 2008. The government will also implement a new lending programme that, according to Federal Reserve officials, will be large enough to protect uninsured deposits in the wider US banking system.

- Two-year Treasury yields continued their sharp decline last week, falling as much as 15 basis points before reversing course amid bets on the Fed slowing rate hikes. Yields on 10-year bonds increased slightly.

- Government bond yields in Australia and New Zealand fell as traders around the world reassessed the path of interest rate hikes and the economic toll the tightening cycle has already taken. Japan's benchmark 10-year yield has also fallen. The problems at SVB Financial Group's bank were exacerbated in large part by the consequences of rising US interest rates.