GoKawiilTreasury yields post biggest one-day drop since 2023 as tech sell-off spurs haven rush
A sharp selloff in technology stocks, led by Meta and chipmakers, pushed the Nasdaq to its worst day since June and sent investors into safe-haven assets. The 10-year U.S. Treasury yield fell below 5% for the first time in a month in its steepest one-day decline since March 2023, while Japanese government bonds and the yen also rallied on haven demand. Separately, Volvo Car shares fell as much as 30% in Stockholm after reporting a quarterly loss tied to weak U.S. and Chinese sales.