Credit default swaps are back
"The debt and equity of companies linked to the tech boom have whipsawed in recent months as traders scrutinised earnings reports and debated how competing AI products from companies such as OpenAI, Google and Anthropic would affect demand for chips and data centres."
FT: "Investors seek protection from risk of AI debt bust"
ft.com/content/c5f9380e-df86-4…
Investors seek protection from risk of AI debt bust
Trading in insurance-like products that protect against tech company defaults is boomingOliver Roeder (Financial Times)
