AI is fueling the largest borrowing boom in at least a generation. But Greg Peters argues that focusing on AI alone misses the bigger story playing out across credit markets.“You’re seeing this AI build out at the same time you’re seeing sovereign debt market also growing, Peters says in the podcast. “So there’s a competition for capital. And it’s unrelenting. I’m calling it the “endless buffet.”“All else equal that pushes rates higher, pushes spreads wider. That is the story that’s not really t

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PGIM’s Greg Peters: AI’s Debt Boom Is Giving Credit Investors Rare Leverage.