Global bond yields post sharpest monthly declines since 2023 on safety bid

Global bond yields fell sharply in October, with the 10-year Treasury yield down 0.379 percentage point to 4.913%, its largest monthly decline since December 2023. The flight to safety was driven by a tech selloff triggered by a $6.3 billion crypto heist and AI investment concerns, while the Fed, ECB, and BOJ held rates steady.