US Yields Fall to Lowest This Year as Tech Slump Fuels Haven Bid
- Stocks sink as Chinese AI startup threatens US tech dominance
- Yen, swiss franc advance as part of demand for havens
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Treasuries rallied as investors flocked to the safety of US government bonds after equities slumped in a selloff driven by technology shares.
The advance was strong enough to erase the last of the bond market’s price drop from earlier this year, when worries flared about a potential resurgence of inflation and the uncertainty cast by Donald Trump’s return to the White House.