Europe's Largest Asset Manager Warns of AI Debt Deluge Crowding Out
About this episode
Amundi's chief investment officer discusses the impact of AI debt issuance on government bonds and other financial concerns.
Further acceleration in AI debt issuance has the potential to steer demand away from government bonds, according to Amundi, Europe’s largest asset manager. “At some point it could have a crowding effect, but we are not there yet,” Gregoire Pesques, the firm’s chief investment officer for global fixed income, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Tolu Alamutu in the latest Credit Edge podcast. “It’s a risk that we monitor,” says Pesques, whose company has $2.7 trillion under management. They also discuss value in corporate debt relative to government bonds, how G7 countries are behaving more like emerging markets and Amundi’s concerns about central bank independence. See omnystudio.com/listener for privacy information.
People in this episode
Hosts: James Crombie, Tolu Alamutu
Guest: Gregoire Pesques
Topics covered
- AI debt issuance
- government bonds
- corporate debt
- G7 countries
- central bank independence
Mentioned in this episode
Organizations: Amundi, Bloomberg News, Bloomberg Intelligence
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