U.S. Treasury yields tumble as markets react to China's AI breakthrough

U.S. Treasury yields declined on Monday morning as investors flocked to bonds following the announcement of the release of China's DeepSeek R1 large language model. As a result, equities tumbled and yields sharply declined, with the U.S. 10-Year Treasury yield (US10Y) experiencing the most significant drop. The US10Y fell by 8 basis points to 4.53%...