Yields on the United States Treasury bonds tumbled on Monday, as the emergence of the new Chinese AI startup DeepSeek caused concern in the United States after the app topped Apple's App Store chart earlier today and caused the stocks of multiple tech companies in the US, including Nvidia and ASML, to fall.
The return on the two-year note declined by 7.6 basis points to 4.204% at 5:22 am ET. Meanwhile, the yield on the 10-year Treasury bond plunged by 11 basis points to 4.525% at 5:33 am ET, the lowest since December 20. The return on the 30-year note slipped by seven basis points to 4.779% at 5:21 am ET.
Meanwhile, bond futures, which move inversely to yields, observed an increase. The two-year note rose by 0.14% at 5:28 am ET, the 10-year bond was up by 0.61% at 5:29 am ET, and the 30-year note was up by 0.97% a minute later.