Benchmark bond yields fell as investors sought safe-haven assets. Increased economic uncertainty drove demand for the security of government bonds. This flight to safety pushed yields down across the board.

Market analysts noted a significant shift in investor sentiment. The prevailing caution reflects concerns about slowing economic growth and geopolitical risks. This risk aversion is likely to persist in the near term.

Treasury bonds were particularly in demand, leading to a steeper yield curve. The spread between short-term and long-term yields widened, indicating expectations of future interest rate cuts. Market participants will closely monitor upcoming economic data releases for further clues about the direction of interest rates.