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Treasuries rally as a tech stock selloff drives investors to government debt

By ChordNews · First written (updated )

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Summary

Treasury yields fell to their lowest level in a month on Friday as slumping shares of large technology companies boosted demand for havens, including US government debt, according to Bloomberg. The move put Treasuries on track for a monthly gain.

This continues an earlier story: US stocks rotate out of AI winners as the Fed holds rates steady

Later: Treasuries Surge as Tech-Stock Selloff Follows Democratic Midterm Sweep

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that Treasuries gained on Friday, sending yields to their lowest levels in a month, as slumping shares of giant technology companies stoked demand for havens including US government debt.

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