Treasury Yields See Biggest Drop Since March as Investors Flock to Bonds

The 10-year Treasury yield saw its biggest single-day drop since Silicon Valley Bank collapsed in March.

The yield fell 15 basis points on Tuesday to 4.647%.

Investors snapped up bonds amid conflict in the Middle East and hopes the Fed is nearing the end of rate hikes.

Demand for Treasurys rose after Hamas's attack on Israel over the weekend.

Dovish Fed comments also lifted bond market sentiment this week.