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2026-07-17 18:34:12
[Tech Stock Plunge Triggers Safe-Haven Buying, US Treasury Futures Hit New High] ⑴ Overnight, the bond market rebounded across the board, reaching new highs. The continued weakness in the technology sector was the core catalyst. S&P and Nasdaq futures fell by approximately 0.8% and 1.5% respectively, with safe-haven funds accelerating their shift towards fixed-income assets. ⑵ September Treasury futures contracts saw active trading, with a clear intraday trading range. Current prices remain near high levels, and trading volume indicates relatively strong market participation, with bullish sentiment dominating short-term trends. ⑶ Overseas stock markets also came under pressure. The Nikkei index plunged by approximately 4.0%, the CSI 300 closed down approximately 3.6%, and the Euro Stoxx 50 also declined by nearly 0.7%. The widespread decline in global risk assets further strengthened the safe-haven logic in the bond market. ⑷ German government bonds rebounded by approximately 0.25 percentage points, but US Treasuries performed even better. The spread between 10-year US Treasuries and German bonds narrowed by approximately 3.5 basis points, indicating that capital flows were more concentrated in the dollar-denominated bond market.
