AI borrowers now drive nearly half of long-dated U.S. IG issuance. PIMCO sees 3 diversifiers

What happened: AI-related borrowers now account for nearly half of long-dated U.S. investment grade issuance, and PIMCO sees three diversifiers for portfolios. Why it matters: The concentration of long-dated corporate debt in AI-related borrowing is the backdrop for PIMCO's three diversification plays.

AI-related borrowers now account for nearly half of long-dated U.S. investment grade issuance, and PIMCO sees three diversifiers for portfolios.

The concentration of long-dated corporate debt in AI-related borrowing is the backdrop for PIMCO's three diversification plays.