Can't quite place the tune,
though.
Wall Street is straining to absorb a flood of new bonds from tech companies funding their artificial intelligence investments, adding to the recent pressure in markets.
..
Companies were able to complete their sales. But some had to pay unexpectedly high interest rates. Prices of bonds from the companies have also been sliding—a sign that investors were caught off guard by the sheer quantity of bonds entering the market and of growing concern about the worsening credit metrics of the businesses.
Stock investors, already nervous about the sky-high valuations of AI businesses, have taken note of the weakness in the bond market. Meanwhile, the cost of insuring those bonds using credit-default swaps also has climbed, with negative sentiments from different groups of investors feeding into each other.
