SocGen Says Higher Yields May Put AI Debt Capex at Risk
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Kokou Agbo-Bloua, global head of economics, cross-asset and quant research at Societe Generale Corporate and Investment Banking, discusses the rising 10-year Treasury yield and its impact on debt-fueled artificial intelligence capex. "If it goes to let's say 5.5% to 6% and growth doesn't pick up, because it's there simply reflecting higher nominal GDP, then you can sort of break the whole economics of AI debt capex," Agbo-Bloua tells Bloomberg Television.
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