AI-driven market disruption could hit loans and high-yield credit, UBS says

AI-driven market disruption could hit loans and high-yield credit, UBS says Proactive uses images sourced from Shutterstock The recent selloff in credit markets reflects growing concern that artificial intelligence (AI) is moving faster than many expect, and its impact may extend well beyond software, according to UBS analysts. In a note to clients, the bank’s analysts said markets have only partially priced in the risk, particularly for lower-quality credit sectors in the US. Investment-grade (IG) bonds ...