US 4-month Treasury auction as of Oct. 14: 83.69% of awarded amount allocated at the stop-out rate; prior 43.02%.

Thursday Asian morning US Treasuries rallied across the curve: 10-year yield fell 4bps to 5.14%; the policy-sensitive 2-year also eased; 30-year, which had been heavily sold amid inflation and fiscal worries, declined as well. ITC Markets senior analyst Kit Lowe said the market has reverted to a safe‑haven pattern of buying sovereign bonds on equity sell‑offs. Hotter-than-expected US inflation data sparked the stock selloff and renewed demand for bonds. Asset managers including PIMCO have recently advised increasing bond allocations after sell‑offs.

Dell (DELL.N) shares fell 7.4% after Barclays downgraded the stock from Overweight to Equal-Weight.