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 US10YT=RR 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. US2YT=RR
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% NQcv1 and European tech stocks shed 5.1%..SXAP