Stock market
AI Debt Boom Faces Bond Market Reality Check
PIMCO Market Strategist and Portfolio Manager Tony Crescenzi tells Bloomberg This Weekend that rising US interest costs and the selloff in CoreWeave debt show how bond investors are imposing greater discipline on borrowers, particularly companies with less certain cash flows. Speaking with hosts David Gura and Christina Ruffini, Crescenzi says divided government could be supportive for markets after the midterm elections and argues the AI investment cycle still has a long way to run. (Source: Bloomberg)
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