[Tech Stock Sell-Off Sparks Safe-Haven Demand, US Treasuries Rise Alongside Global Bonds] According to DeepFlow TechFlow, on Friday, October 30th, US Treasuries accelerated their gains during Asian trading hours as a sell-off in US tech stocks prompted investors to seek refuge in US government bonds. Yields across all maturities of US Treasuries fell by at least 3 basis points, continuing the decline seen in the New York session. Australian, Japanese, and New Zealand bonds followed suit, with their benchmark 10-year government bond yields falling by more than 5 basis points. Safe-haven demand intensified after disappointing earnings reports from tech giants like Alphabet, further fueling market skepticism about the sustainability of AI trading. In October, the benchmark 10-year US Treasury yield has fallen by nearly 40 basis points, poised for its first monthly decline since February. Kenneth Crompton, Head of Interest Rate Strategy at National Australia Bank in Sydney, stated that the bond rally this morning was driven by renewed safe-haven demand following this week's tech company earnings reports. Andrew Teishurst, senior interest rate strategist at Nomura Holdings in Sydney, said that continued market jitters over valuations of mega-technology companies, coupled with disappointing earnings from Alphabet, are driving some safe-haven funds into the bond market. This rally may continue, as Warsh's post-meeting press conference remarks were not particularly hawkish, and these AI-related concerns appear likely to persist. (Jinshi)