NVDA has obviously been THE biggest driver of prevailing bull market in stocks. In 2024, its market cap increased by just over 2 trillion dollars. Following relatively viral overnight news regarding China's DeepSeek AI, NVDA is currently on track to obliterate the record for the worst day of losses for any stock, ever.  NVDA already held the first 5 records on that list.  In other words, a big sell-off in NVDA is a big deal for markets.  Whether it's money looking for a safe place to park or investors changing strategy in light of the news, bonds have been reaping the rewards.  At this point, this should not be viewed as a sustainable source of positive momentum for bonds. Today's move already looks to have run its course.