According to CoinMeta, recent selling in U.S. stocks has led to a shift of funds towards U.S. Treasury bonds, with traders betting that yields will continue to decline. Before the release of the U.S. October employment report on Friday, bond traders were already betting that the U.S. Treasury market would continue to rise, and expectations for further interest rate hikes by the Federal Reserve have cooled down. Following the mid-term elections in the United States, there was a sell-off in global stock markets, prompting investors to turn to U.S. Treasury bonds as a safe-haven this week. The yield on 10-year U.S. Treasuries fell to its lowest level since early September on Thursday. As the sell-off in the stock market intensified, the yield on 10-year U.S. Treasuries closed at 4.82% on Friday. The recent rise in the bond market has boosted traders' confidence that yields will continue to fall. A trade in the options market bets that the yield on 10-year U.S. Treasuries could drop to 4.7% by the end of next weekend, while another trade expiring on November 20 bets that yields will fall to around 4.35%. Gennadiy Goldberg, head of U.S. interest rate strategy at TD Securities, stated that the data expected to be released on Friday is likely to be somewhat weak, but the market is still mainly focused on economic fundamentals. He pointed out that the U.S. economy remains quite strong, with the labor market showing a situation of "low hiring and low layoffs," so the market has significantly reduced its expectations for interest rate hikes over the past few weeks.