German 10-year Bund yield falls 3.1 bps to 3.241% as AI stocks slump

The move is notable less for its size than for its driver: a risk-off bid for euro-area duration triggered by an equity story rather than by data or central-bank messaging. The parallel shift across the curve, with the long end outperforming, suggests a genuine flight-to-quality component rather than pure rate-expectations repricing, and the marginal flattening in the 2/10 spread hints at growth concerns creeping into the pricing. Whether Bunds keep trading as a proxy for AI sentiment, or the link fades once equity volatility settles, is the open question worth watching.