Markets·October 23, 2026 at 1:31 AM EDT·3 sources
Treasuries Surge as Global Worries Spark Rush to Safety
SKHY +4.0%HSBC
SKHY · last 30 trading days-4.3% since the news
News
10-year yield threshold5%
10-year yield in Asian trading4.97%
What happened
- US Treasurys rallied as investors sought safety amid concerns about AI-sector spending, data-center construction and rising oil prices.
- Shorter-dated Treasury yields fell as much as 20 basis points Thursday; the 10-year yield dropped below 5% and held around 4.97%.
- An inverse relationship between US government bonds and AI-focused stocks strengthened to levels last seen a year ago.
Shorter-dated yield decline
20 basis points
10-year yield threshold
5%
10-year yield in Asian trading
4.97%
Why it matters
The move signals a shift toward safe-haven assets as investors reassess AI infrastructure spending, Big Tech funding capacity and broader economic and geopolitical risks. It matters for technology valuations, rates markets and data-center financing.
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Timeline
- EarlierOct 22SK Hynix Scraps Solidigm US IPO After Shareholder Concerns
- EarlierOct 23HSBC, Standard Chartered Face Cost Test as Rates, Wealth Support Earnings
- EarlierOct 23HSBC rolls out its first HKD stablecoin RedCoin to retail users
- EarlierOct 23India’s Activity See Mild Pick Up in October, Flash PMIs Show
- First reported by BloombergOct 23Treasuries Surge as Global Worries Spark Rush to Safety
- Semafor reportsOct 23US Treasurys gained in investors’ flight to safety
- CNBC reportsOct 23Why investors are moving back into Treasurys
Who is involved
Treasuries Surge as Global Worries Spark Rush to SafetyOpenAISK HynixSKHYHSBCHSBC
Company
Sources (3)
- BloombergOct 23Treasuries Surge as Global Worries Spark Rush to Safety
- SemaforOct 23US Treasurys gained in investors’ flight to safety
- CNBCOct 23Why investors are moving back into Treasurys
Related
- Oct 23 · Turmoil hits AI buildout as neoclouds face pressure, credit risks mount and Solidigm pulls IPO
- Oct 20 · Treasuries Rise as Oil Retreats From Highest Levels in Weeks
- Oct 23 · HSBC rolls out its first HKD stablecoin RedCoin to retail users
- Oct 23 · India’s Activity See Mild Pick Up in October, Flash PMIs Show
- Oct 22 · SK Hynix Scraps Solidigm US IPO After Shareholder Concerns
- Oct 23 · HSBC, Standard Chartered Face Cost Test as Rates, Wealth Support Earnings
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