Traders flock to Treasury market for safety as tech-led stock selloff deepens
AI Summary
Investors are increasingly seeking refuge in the Treasury market as tech stocks plummet, causing a deep selloff. A staggering $8 trillion is now parked in U.S. money-market funds, signaling a flight to safety amid market turbulence. This shift underscores broader economic concerns, as traditional safe havens are being prioritized over riskier tech assets. The implications could be significant for interest rates and economic stability as the Federal Reserve watches for potential market corrections.
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