Business & Finance
AI ‘Supply Shock’ Pushes Bond Market to Limit, Says Wells Fargo
Key Points
AI ‘Supply Shock’ Pushes Bond Market to Limit, Says Wells Fargo Technology giants racing to build artificial intelligence infrastructure are hitting the limit of how much they can raise in global bond markets, according to Wells Fargo & Co. “We definitely went through a bit of a supply shock,” said Maureen O’Connor, Well Fargo’s global head of high-grade debt syndicate.
AI ‘Supply Shock’ Pushes Bond Market to Limit, Says Wells Fargo
Technology giants racing to build artificial intelligence infrastructure are hitting the limit of how much they can raise in global bond markets, according to Wells Fargo & Co.
“We definitely went through a bit of a supply shock,” said Maureen O’Connor, Well Fargo’s global head of high-grade debt syndicate. “We are kind of reaching a point of maximum market capacity in the IG space,” she said, referring to the $15 trillion investment-grade bond market.