The yield on the US 10-year Treasury note fell to around 5.08% on Thursday, extending its recent decline as a global selloff in technology and AI stocks boosted safe-haven demand for government bonds. The recent selloff in US Treasuries, which had pushed yields to multi-decade highs, also eased as investors stepped in to buy the dip. Meanwhile, markets turned their attention to next week’s Federal Reserve policy meeting, where interest rates are widely expected to remain unchanged. Recent economic data also pointed to signs of a slowdown in the US economy, with September housing starts declining and pending home sales falling to a record low. At the same time, Chair Kevin Warsh’s remarks last Friday did little to alter expectations for a rate hold, although markets continued to price in a potential rate hike in December amid persistent energy-driven inflation. Elsewhere, oil prices surged amid escalating tensions in the Middle East, adding to inflationary concerns.