The long-end of the US Treasury yield curve hit a one-month low on October 22, 2026, as investors flocked to safe-haven assets amid renewed fears surrounding the artificial intelligence sector. The 30-year yield dropped to 5.38%, marking its lowest point since September 23, 2026, while yields across the curve fell by at least three basis points.
Treasuries, along with the yen and Swiss franc, saw gains as global equities stumbled. The moves reflected a classic flight-to-safety dynamic, with investors seeking stability in traditional haven assets. Australian and New Zealand debt also advanced, while Japan’s currency appreciated by as much as 0.3% against the dollar.
The shift came as concerns about the AI trade resurfaced, triggering a broad-based selloff in riskier assets. The decline in yields signaled heightened demand for government bonds, as investors prioritized capital preservation over higher returns.