Program and guest
A Bloomberg interview with Greg Peters, co-chief investment officer of PGIM Fixed Income. Original English title: Investors Are Using Bonds to Hedge Against AI: Peters.
Key points
- Investment in power supply for AI has driven investment-grade bond issuance to an annual record 0:25
- Investors are using Treasuries as a hedge against the AI story; this is happening now 1:55
- The details of products such as investment-grade corporate bonds matter; it is not enough to look only at the direction of broad asset classes 2:54
- After the midterm elections, the two parties appear to agree on slowing data center construction, which could slow both economic growth and the AI buildout 5:12
Background and notes
This article sets out Peters’s views on bond-market hedging from his Bloomberg interview, covering the investment-grade bond market, the midterm elections and the pace of AI buildout. The subtitles cover 0:00–6:02 (full length: 6:02), covering the entire video. The views and timestamps are paraphrased from the original subtitles; each timestamp marks the start of the segment containing the corresponding remarks.