Treasuries Surge to Biggest Rally Since 2024, Wrapping Up October

U.S. Treasuries surged to close October with their biggest rally since 2024, as investors rushed into government bonds. The strong finish capped a month of heavy buying. Treasury prices rose sharply, pushing yields lower. The rally reflects growing demand for safer assets. Investors moved money into U.S. government debt amid shifting market conditions. The scale of the move marks a major turnaround. It is the largest monthly rally for Treasuries in roughly two years.