US Treasury yields plunged on Thursday, a remarkable move down given back-to-back hot inflation readings this week. The shift indicates investors are flocking back to Treasurys as a haven amid a tech rout that has wiped about $1 trillion from chip stocks this week. Yields were lower across the board on Thursday. The move is especially unusual given hotter-than-expected inflation data this week, which would typically lead investors to price in higher yields.
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