Safe-haven activity related to the Israel-Hamas conflicted escalating after Israel warned 1.1 million people in Gaza to evacuate ahead of an expected counteroffensive.
The 10-yr note yield is down ten basis points to 4.61% and the 2-yr note yield is down two basis points to 5.04%.
Oil prices are moving higher in response. WTI crude oil futures are up 4.2% to $86.36/bbl.