Juicy yields pull junk bond 'tourists' towards high-grade AI debt

Companies are turning to junk bond investors to raise billions for data center projects. QTS Realty Trust sold $3.9 billion of bonds this week yielding 7.23 per cent. Steven Schweitzer said, “We’re seeing high-yield investors become tourists in investment-grade technology debt.” Firms already borrowed over $410 billion for AI this year.