The US Treasury is considered among the world’s top safe-haven assets, as investors usually pile up these American government bonds in times of crisis as part of their shift to safety. The purchases lead to a fall in yields on the US Treasury and the dollar strengthening.
Big investors ditch tech ahead of expected September stocks slump
Big investors, fearful of September’s typical seasonal declines, exited profitable stock positions on Tuesday, according to investors and trading company research, a sign the selloff