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Buying in US Treasury securities came to the forefront in global bond markets as investors turned to safe-haven assets. This move caused medium- and long-term yields to decline, while bond futures recorded gains.

The yield on the US 10-year Treasury note fell by 0.049 percentage points to 4.63 percent. The 30-year yield declined by 0.044 points to 5.118 percent, while the 5-year yield dropped by 0.045 points to 4.381 percent.

A different picture emerged at the short end of the curve. The yield on the 3-month US Treasury bill rose by 0.008 points to 3.912 percent.

The rise in bond prices was also reflected in futures markets. US 10-year Treasury note futures increased by 0.27 percent to 108.63, while Euro Bund futures gained 0.36 percent to reach 124.91.

Meanwhile, the spread between US 10-year and 2-year Treasury yields, known as the 10-2 spread, widened by 15.27 percent to 31.32 basis points. This movement in the yield curve indicated that investors were repricing their long-term economic expectations and outlook for monetary policy.

As investors continue to closely monitor expectations regarding the US Federal Reserve's (Fed) interest rate path, along with inflation and growth data, safe-haven demand in the bond market is considered to remain strong.