US 10-year Treasury yield falls over 16 bps as AI stock selloff drives safe-haven demand

The notable detail is the symmetry of the move: the two-year fell almost exactly as much as the ten-year, suggesting a broad safe-haven bid rather than a shift in rate expectations along the curve. That framing matters for crypto and RWA markets, which have increasingly traded alongside risk assets like AI equities — a rotation into Treasuries on an equity selloff is the same correlation story in reverse. Whether the ten-year holds above its September low, or breaks through it, is the level worth watching as a gauge of how defensive positioning has become.