As US treasury yields - which move inversely to price - continued to benefit from the broad risk-off sentiment among investors.

The benchmark 10-year treasury yield fell the most since the Fed's meeting in March

where despite raising interest rates,

the central bank was seen to give a dovish signal to the market, with longer dated yields backing off shortly after.

The probabilities the further rising policy makers target interest rate when the Fed meets in June has fallen to around 40%.

Down from 50% yesterday and 60% last week.

Amid continued geopolitical tension and some disappointing earnings, stock markets fell.

Defensive stock continued to outperform with consumer staples, real estate, and utility sectors of the S&P 500 all finishing the day with gains.

With the index dragged down by health care, financials, and energy stocks.

Oil prices continue to fall in line with yesterday's poor performance.

Other haven assets like gold edged higher.

And that's the New York Minute.