Treasuries see best day in over a year as AI selloff revives haven demand
US Treasury bonds surged as a sharp selloff in AI-linked stocks revived demand for safe-haven assets. Treasury yields posted their biggest declines in more than a year, despite Brent crude rising above $112 a barrel. Investors also scaled back expectations for a December Fed rate hike amid growing concerns over AI spending and US growth.
Key Takeaways
- US Treasury bonds surged as a sharp selloff in AI-linked stocks revived demand for safe-haven assets.
- Treasury yields posted their biggest declines in more than a year, despite Brent crude rising above $112 a barrel.
- Investors also scaled back expectations for a December Fed rate hike amid growing concerns over AI spending and US growth.
US Treasury bonds surged as a sharp selloff in AI-linked stocks revived demand for safe-haven assets. Treasury yields posted their biggest declines in more than a year, despite Brent crude rising above $112 a barrel. Investors also scaled back expectations for a December Fed rate hike amid growing concerns over AI spending and US growth.
Original Publisher Attribution
This summary was curated from Economic Times.