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Treasuries Rallied as Tech Slid, and the Crowded Bet Against Bonds Felt It

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NEW YORK, Oct. 19, 2026 /CNW/ — Stock Preachers News Commentary – U.S. 10-year Treasury yields fell about 17 basis points last week while the Nasdaq 100 dropped 5.5%, the largest same-week decline in both since the April 2025 tariff turmoil, Bloomberg reported. The move caught investors who had positioned heavily for a deeper slump in bonds, after 10-year yields climbed over the prior seven months to their highest levels in more than two decades. Active Companies from around the markets with current developments this week include: iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT), iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF), ProShares UltraShort 20+ Year Treasury (NYSE Arca: TBT), Invesco QQQ Trust (NASDAQ: QQQ), CoreWeave, Inc. (NASDAQ: CRWV).

The trigger was a sell-off in AI-linked technology stocks. As shares fell, Treasuries showed early signs of acting like a safe haven again, a role they have failed to play for much of the past few years, partly because oil-driven sell-offs can push stocks and bonds lower together. Commodity trading advisers, the trend-following funds that had built bearish Treasury futures positions at what Bloomberg described as ‘extremely short’ levels, exited those bets last week, adding fuel to the rally.

Rate expectations had swung hard. Traders at one point priced about a 50% chance of a Federal Reserve rate hike in October, and still expect one increase by year-end and another in 2027, according to Bloomberg. At the same time, the AI build-out has leaned on bond markets: investment-grade companies, led by megacap technology, have sold about $1.7 trillion of bonds this year, up about 29% from a year earlier.

“To paraphrase Mark Twain, rumors of the death of US Treasuries are greatly exaggerated,” James Athey, a portfolio manager at Marlborough Investment Management, told Bloomberg.

Bond and tech charts told this story in real time. Learn how to read them with the free Stock Preachers guide at stockpreachers.com

In other industry developments and happenings in the market this week include:

iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT)

The long end did the heavy lifting. The iShares fund, which tracks U.S. Treasuries with more than 20 years to maturity, rose 2.65% last week, from $77.98 at the October 9 close to $80.05 on October 16, according to Stock Analysis data. The fund holds about $47 billion in assets and charges a 0.15% expense ratio. Long-dated bonds move the most in price when yields change, which is why the long end led the rally.

iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF)

The intermediate fund gained 1.14% over the same period, from $89.40 to $90.42, with about $41 billion in assets. Some strategists favor intermediate maturities as the hedge. Julius Baer found that 10-year Treasuries consistently delivered positive returns during equity drawdowns from 2000 to 2020, and fixed-income strategist Afonso Borges said intermediate Treasuries “should again serve as an effective portfolio hedge,” Bloomberg reported.

ProShares UltraShort 20+ Year Treasury (NYSE Arca: TBT)

For investors on the other side of the trade, last week hurt. The ProShares fund seeks two times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index, and it fell 5.07%, from $42.05 to $39.92. ProShares notes that returns over periods longer than one day can differ significantly from that daily target.

The fund is a simple read on how the short-bond trade fared. Its steepest drop came on October 15, when it lost 2.94% as the 10-year yield fell 10.5 basis points, according to TheStreet.

Leveraged funds like this one reward timing. The free Stock Preachers guide walks through the chart basics traders use to time entries and exits, at stockpreachers.com.

Invesco QQQ Trust (NASDAQ: QQQ)

The Invesco fund that tracks the Nasdaq 100 fell 5.52% last week, from $751.27 to $709.80, matching the index’s 5.5% slide. It dropped 1.97% on October 14, the day a hotter-than-expected inflation report pushed yields higher, and another 2.50% on Friday as the AI sell-off resumed.

CoreWeave, Inc. (NASDAQ: CRWV)

CoreWeave became the market’s clearest gauge of stress in AI debt. The shares fell 25.21% last week, from $82.08 to $61.39, including drops of 15.46% on October 14 and 11.91% on October 16. The spread on its five-year credit default swaps hit a record of about 1,195 basis points on October 15, and the yield on its October 2031 bond rose above 16%, The Motley Fool reported, citing roughly $52 billion in loans and lease obligations.

“If investors are seeing their AI-linked bonds losing value, they will be less interested in buying new bonds,” John Briggs, head of U.S. rates strategy at Natixis North America, told Bloomberg.

Want to spot the next turn in bonds, tech or the AI trade on the chart first? Download the free Stock Preachers guide to reading charts, plus The Roadmap market reports, at stockpreachers.com.

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Silicon Valley Investors Urge Taiwan Startups to Find Niches as AI Competition Intensifies

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OAKLAND, Calif., Oct. 19, 2026 /PRNewswire/ — Taiwanese startups seeking to compete in artificial intelligence must develop specialized expertise, strengthen distribution networks and identify markets overlooked by larger technology companies, investors said at a Silicon Valley gathering on Monday.

The discussion took place during Taiwan × Silicon Valley: Founders, Capital & the Next Wave of Innovation, organized by Startup Island TAIWAN Silicon Valley Hub and Taiwan Global Angels in partnership with Google Cloud as part of SF Tech Week.

Opening the event, Uly Su, director and head of Startup Island TAIWAN Silicon Valley Hub, emphasized the hub’s role in connecting Taiwanese startups with U.S. investors, corporations and business opportunities, strengthening ties between Taiwan’s technology ecosystem and Silicon Valley.

The Shrinking AI Advantage

Timothy Chen, managing partner at Essence VC, said the rapid evolution of AI models has made technological advantages increasingly short-lived, forcing investors to reassess how they identify promising startups.

Rather than focusing exclusively on technologies that could dominate over the next five years, Chen said investors are examining founders’ specialized knowledge, distribution capabilities and ability to execute. Even a three- to six-month advantage could prove valuable in a rapidly changing market.

The panelists also discussed how startups could compete against larger technology companies. They emphasized identifying underserved markets, developing specialized capabilities and moving quickly before established players enter emerging sectors.

Beyond Software: Space, Robotics and Physical AI

Poseidon Ho, founding partner and CEO of Outliers Fund, highlighted opportunities beyond conventional AI applications, particularly in space and defense, where government contracts and expanding infrastructure investment are creating markets for emerging companies.

Ho said the sector offers a different investment model from software, with longer development cycles and substantial technical requirements. He encouraged Taiwanese entrepreneurs to explore opportunities within the space industry’s supply chains, including government contracting.

Austin Hwang, principal at ADVentures, identified physical AI, robotics and medical technology as areas of interest, particularly where startups combine specialized hardware with software and proprietary technical capabilities.

Hwang said Taiwan’s experience in semiconductors, electronics and manufacturing could provide an advantage as AI increasingly moves beyond software into physical applications.

From Technology to Commercial Success

A second panel featuring experienced entrepreneurs shifted the discussion toward commercialization, acquisitions and the challenges of building companies across Taiwan and the United States.

Paul Hung, CEO of Taudia, emphasized that startups must begin with a clearly defined customer problem rather than technology development alone.

Hung said founders need to understand why customers would pay for their products and build teams and investor networks capable of supporting commercialization.

Terry Hsiao, managing partner at BonHope Capital, drew on his experience building and selling companies to discuss the decisions founders face when considering acquisitions.

He noted that venture capital firms can spread their risks across multiple investments, while first-time founders often have most of their financial interests tied to a single company. Securing an initial successful exit could therefore be an important consideration.

Medical technology entrepreneur Steve Wu discussed the challenges of developing regulated healthcare products, including lengthy development cycles, regulatory requirements and the importance of understanding the commercial potential of new technologies.

The speakers also highlighted cultural differences between Taiwan and Silicon Valley, where entrepreneurship and risk-taking are more widely encouraged and founders have greater exposure to experienced investors and business leaders.

For Taiwanese startups, the discussions underscored the importance of combining the island’s engineering and manufacturing capabilities with stronger commercialization strategies, international market access and the ability to compete in rapidly changing industries.

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SOURCE Startup Island TAIWAN Silicon Valley Hub

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Flexxon Partners with Tech4Biz Solutions to co-develop server infrastructure that is secure by default

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As organisations increasingly look to build their own servers to run AI systems, the two companies are working to ensure purpose-built infrastructure and security go hand-in-hand

SINGAPORE and BENGALURU, India, Oct. 20, 2026 /PRNewswire/ — Flexxon, a pioneer in secure memory storage and hardware-based cybersecurity solutions, today announced its strategic investment in Tech4Biz Solutions. The partnership will see the companies co-develop solutions that enable efficient and reliable deployment of secure server and data centre operations – a heightened need as enterprises move Artificial Intelligence (AI) workloads on-premises, onto infrastructure they own and must secure themselves.

The investment formalises the ongoing relationship between the two companies, and deepens joint development across the parties’ product lines: Flexxon’s X-PHY hardware security, and Tech4Biz’s Cloudtopiaa, its sovereign cloud and AI infrastructure platform.

X-PHY is Flexxon’s hardware-based cybersecurity brand. It puts AI-powered threat detection inside the drive’s own firmware and hardware, below the operating system. X-PHY’s hardware-based protection is designed to keep working even when the software above it has been compromised.

Cloudtopiaa designs, builds and operates public cloud, private cloud, HPC, GPU inference and AI data centre environments for organisations that want full control of their data, models and AI agents, in the jurisdiction they choose. 

Ms Camellia Chan, Co-founder and CEO of Flexxon, said: “Having worked with Tech4Biz for several years, I am glad to take this next step and deepen the partnership as we continue building towards more secure, more reliable standards together. We are building hardware that is secure by default, carrying that protection from devices into the servers and data centres enterprises now run themselves – the part of the stack where traditional security leaves the widest gaps.”

Ms Yasha Khandelwal, Co-founder and CEO of Tech4Biz Solutions, said, “When a company owns its whole AI stack, there is no hyperscaler behind it to absorb a mistake, so the design and the security have to be right from day one. We have spent years building and running sovereign infrastructure in production for enterprises and institutions, and bringing X-PHY into that design means every server we deliver will ship with protection built into the hardware itself.”

Where AI capability outruns protection

AI has quickly moved from pilots into systems that run on a company’s own data every hour of the day, and the data, models and agent memory involved are now among the most sensitive assets a company holds. More organisations want that capability on infrastructure they own, in the jurisdiction they choose. Accordingly, Gartner forecasts worldwide sovereign cloud infrastructure-as-a-service spending will reach US$80 billion in 2026, a 35.6 per cent increase on 2025, with mature Asia-Pacific markets among the fastest growing and governments the largest buyers. That shift moves the responsibility for securing the infrastructure back to the organisations running it.

These AI systems now work across enterprise data with valid credentials, often without a user approving each action. Software defences remain necessary, but they run on the same layers an attacker is trying to take over – and when those safeguards fail, there must be an immutable layer that protects the data.

What X-PHY and Cloudtopiaa will deliver

The parties will collaborate specifically on integrating Flexxon’s X-PHY hardware security expertise with Tech4Biz’s existing infrastructure capability through Cloudtopiaa, its cloud platform and infrastructure offering.

On the immediate horizon is the integration of X-PHY’s hardware security solutions into Cloudtopiaa environments, so that server estates are secured by default and protection arrives with the machine rather than being bolted on after. For enterprises, that means the security work no longer grows with every server added.

This includes the design, build and deployment of secure infrastructure that organisations can own and run outright. Development is already under way, with commercial deployment expected in 2027.

Cloudtopiaa already runs production workloads for customers including L&T Technology Services, which runs two production engineering platforms on it – a quality management platform for GxP-regulated industries and a multi-agent enterprise AI platform – and Cognitive PRISM. It is also building a three-year private cloud lab ecosystem for Vidyavardhaka College of Engineering, Mysuru.

The partnership will focus first on governments, regulated enterprises, research institutions and data centre operators in Singapore, India and North America.

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SIEW 2026 Brings Together Global Energy Leaders to “Connect Energy Systems, Power Tomorrow”

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SINGAPORE, Oct. 20, 2026 /PRNewswire/ — The 19th Singapore International Energy Week (SIEW) will open on 26 October, bringing together global policymakers, industry leaders and innovators to navigate energy challenges and shape a more secure, connected and sustainable energy future.

Highlights of SIEW 2026

I. Opening: The Singapore Energy Lecture will be delivered by H.E. Dr Tan See Leng, Minister for Energy, Trade and Industry (Energy and Industry). YAB Datuk Amar Haji Fadillah bin Haji Yusof, Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Malaysia, will deliver the Ministerial Keynote Address. Bernard Fontana, Chairman and Chief Executive Officer of Électricité de France (EDF), will share his perspectives at the SIEW Opening Keynote.

II. Ministerial and VIPs: Ministers from Australia, Bhutan, Brunei Darussalam, Finland, Lao People’s Democratic Republic, Oman, Philippines, and United States will be joined by H.E. Dr Kao Kim Hourn, Secretary-General of the ASEAN Secretariat, Dr Fatih Birol, Executive Director of the International Energy Agency, and Francesco La Camera, Director General of the International Renewable Energy Agency. Global industry leaders from Baker Hughes, China Huaneng Group, GE Vernova, Hitachi Energy, Petronas, Siemens Energy, State Grid Corporation of China, Tenaga Nasional Berhad, and Univers will share their insights impacting the energy landscape.

SIEW 2026 will host prominent decision-makers and visionaries from across government, international bodies, regulatory agencies, and industry. The list of speakers attending SIEW 2026 is available here.

Government

H.E. Dr Tan See Leng, Minister for Energy, Trade and Industry (Energy and Industry), Republic of SingaporeH.E. Gan Siow Huang, Minister of State, Ministry of Foreign Affairs & Ministry of Energy, Trade and Industry, Republic of SingaporeYAB Datuk Amar Haji Fadillah bin Haji Yusof, Deputy Prime Minister and Minister of Energy Transition and Water Transformation, MalaysiaH.E. Sonam Tashi, Minister for Energy and Natural Resources, BhutanDato Seri Setia Awang Haji Mohamad Azmi Bin Haji Mohd Hanifah, Minister at the Prime Minister’s Office (Energy, Upstream and Downstream), Brunei DarussalamH.E. Sakari Puisto, Minister of Economic Affairs, Republic of FinlandH.E. Malaithong Kommasith, Minister of Industry and Commerce, Lao People’s Democratic RepublicH.E. Eng. Salim Bin Nasser Al Aufi, Minister of Energy and Minerals, Vice Chairman of the Board of the Oman Investment Authority, OmanThe Honourable Sharon S. Garin, Secretary, Department of Energy, Republic of the PhilippinesH.E. Jean Barroca, Deputy Minister of State for Energy, PortugalDr Majid Al-Qwaiz, Deputy Minister of Development and Project Management, Kingdom of Saudi ArabiaThe Rt Hon Miatta Fahnbulleh MP, Secretary of State for Energy Security and Net Zero, United Kingdom of Great Britain and Northern IrelandChris Stark, Head of UK’s Mission for Clean Power, UK Department for Energy Security and Net Zero

International Organisations

Rafael Mariano Grossi, Director General, International Atomic Energy AgencyLin Yang, Deputy Executive Secretary for Programme, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)Hideaki Iwasaki, Director General, Sectors Department 1 (Energy and Transport Sectors), Asian Development Bank (ADB)Kim-See Lim, Chief Investment Officer, Public Sector (Region 1) & Financial Institutions and Funds (Global) Clients, Asian Infrastructure Investment Bank (AIIB)Stéphanie Guénot Bresson, Commissioner, Nuclear Safety and Radiation Protection Authority Dr Sama Bilbao y León, Director General, World Nuclear Association

Regulators and Utilities

Anna Collyer, Chair, Australian Energy Market CommissionClare Savage, Chair, Australian Energy RegulatorNarumi Hosokawa, Secretary General, Electricity and Gas Market Surveillance Commission, JapanErik Westergaard, Deputy Chair, Electricity Authority, New ZealandDato’ Sri Ir. Ts. Shamsul Bin Ahmad, President and Chief Executive Officer, Tenaga Nasional BerhadHon. Francis Saturnino C. Juan, Chairperson and Chief Executive Officer, Energy Regulatory Commission, PhilippinesTheodore J. Garrish, Assistant Secretary for Nuclear Energy, U.S. Department of EnergyJudy Chang, Commissioner, Federal Energy Regulatory Commission, United StatesEmmanuelle Wargon, Chair, French Energy Regulatory CommissionDr Narin Phoawanich, Governor, Electricity Generating Authority of Thailand Shao Guoyong, Board Director, State Grid Corporation of China

Industry

Gary Rose, Executive Vice President, Nuclear, Canada, AtkinsRéalis, and President, CANDU International, Candu Energy Inc.Allyson Anderson Book, Chief Sustainability Officer, Government Affairs & Public Policy Officer, Baker HughesYingying Zhou, Vice President, Organisation and Head of Asia, Cheniere EnergyJoseph Law, Managing Director, CLP Power Hong KongLi Rui, Vice President, China Southern Power GridLim Wee Seng, Group Head of Energy, Renewables & Infrastructure, Project Finance Strategic Advisory and Sustainability, Institutional Banking Group, DBS BankTham Chee Aun, Chief Executive Officer, Ditrolic EnergyEric Gray, Chief Executive Officer, Power, GE VernovaJames O’Reilly, Chief Executive Officer, Greenlink InterconnectorN Venu, MD and CEO, India and APAC Region, Member of Global Executive Team, Hitachi Energy, MD, Hitachi IndiaZhong Guodong, President, China Huaneng Group Co., Ltd.Dr Han-Gon Kim, President, Innovative SMR Development AgencyTadashi Maeda, Chairman of the Board, Japan Bank for International CooperationIzumi Kai, Managing Executive Officer, CEO of JERA AsiaStephanie McGregor, Chief Executive Officer, Marinus LinkEmmanuel V. Rubio, President and CEO, Meralco PowerGen Corporation (MGEN)Yasuhiro Kawabe, President & CEO of Mitsubishi Power, Ltd.Elaine Lam, Group Managing Director and Head of Global Corporate Banking, OCBCYM Tan Sri Tengku Muhammad Taufik Tengku Aziz, CEO, Petronas Thorbjörn Fors, Group Senior Vice President and President Asia Pacific, Siemens EnergyStanley Huang, Group Chief Executive Officer, SP GroupJeanne Soh, Managing Director, Head, Structured Finance, Asia, SMBC 

The SIEW week will feature high-level expert discussions across SIEW Summit, SIEW Energy Insights, SIEW TechTable and SIEW Thinktank Roundtables. Topics will include energy security, regional connectivity, system resilience and decarbonisation, including leading technologies and industrial capabilities on AI and digital grids, power interconnections, geothermal energy, and nuclear energy. More details can be found at siew.gov.sg. 

Register now at https://register.siew.gov.sg.

PR Newswire is the Official Press Release Distribution Partner of Singapore International Energy Week 2026.

About SIEW

The Singapore International Energy Week (SIEW) is an official trademarked event by the Energy Market Authority (EMA). It is an annual platform for energy professionals, policymakers and commentators to discuss and share best practices and solutions within the global energy space. 

The SIEW logo is an officially registered trademark, a symbol of credibility and prestige as the world’s leading energy event. 

About the Energy Market Authority

The Energy Market Authority (EMA) is a statutory board under the Singapore Ministry of Energy, Trade and Industry. Through our work, we seek to build a clean energy future that is resilient, sustainable, and competitive. We aim to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore. Visit www.ema.gov.sg for more information. 

For media queries, please contact:

Ms Mahima Kathuria
FINN Partners for Singapore International Energy Week
Tel: +65 8022 6364
Email: SIEWMedia@finnpartners.com

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SOURCE Energy Market Authority

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