Treasuries regain haven demand as tech stocks stumble

Treasuries: U.S. Treasury securities are debt instruments issued by the federal government and are widely used as defensive assets during periods of market stress. In the reported event, Treasuries regained haven demand as technology stocks and artificial-intelligence-linked investments sold off, reversing their weak diversification performance earlier in the year. Haven demand: Investors moved toward Treasuries as concerns about the sustainability of artificial-intelligence spending intensified and technology shares declined. Yield movement: The benchmark 10-year Treasury yield fell below 5% during the week amid the haven bid, marking its sharpest one-day decline since March 2023. Market reversal: Treasury returns had weakened during the previous month, but the October rebound showed government bonds again providing a potential buffer against equity volatility.