WS #16341
US 10-year Treasury yields dipped below 5% as investors sought safety amid geopolitical tensions and AI sector volatility. The US Leading Index for September came in at 0.0%, beating estimates of -0.1%, indicating the economy is not contracting but lacks momentum. Mortgage rates also declined, reflecting the broader bond rally. This macro backdrop supports defensive positioning and favors value over high-multiple growth.
Safe Haven and Macro Stability
US 10-year Treasury yields dipped below 5% as investors sought safety amid geopolitical tensions and AI sector volatility. The US Leading Index for September came in at 0.0%, beating estimates of -0.1%, indicating the economy is not contracting but lacks momentum. Mortgage rates also declined, reflecting the broader bond rally. This macro backdrop supports defensive positioning and favors value over high-multiple growth.