LONDON, Jan 27 (Reuters) - U.S. Treasury yields fell to
three-week lows on Monday as investors sought the safety of
government bonds as tech stocks tumbled on the surging
popularity of a Chinese discount artificial intelligence model.
The benchmark 10-year Treasury yield dropped 10
basis points to 4.52%, its lowest level since Jan. 2.
The two-year yield fell 8 bps to 4.19%, its lowest since
mid-December.
The rush to bonds came as stocks, particularly tech stocks,
fell around the world, as the popularity of a Chinese discount
artificial intelligence model jolted investors' faith in the
profitability of AI and the sector's voracious demand for
high-tech chips.
Nasdaq futures were last down 4.4% and European tech
stocks shed 5.1%.