Investors are looking to alternative assets such as German bunds, the yen, and the Swiss franc for protection.
A lackluster run for haven assets during one of the most acute market selloffs in years has left investors seeking new forms of protection.
The selloff in Treasuries has been the most glaring example of the loss of confidence in the once-coveted haven assets this time around.
The yen has also gained against the dollar this week, although it’s still in a nascent recovery from a multi-year slump caused by a wide US-Japan interest rate gap and the Asian country’s own economic woes.