- The deluge of new AI-related debt is driving higher borrowing costs across existing debt.
- Investors are repositioning portfolios in response to the repricing of existing debt.
- Lindsay Rosner of Goldman Sachs and Milwood Hobbs of Oaktree Capital discussed the trend on Bloomberg Real Yield.
Quotes
“The deluge of new AI-related debt is seeing higher costs, leading investors to reposition portfolios.”