Group 1 - Megacap tech firms and AI hyperscalers like Amazon, Alphabet, Oracle, and Meta have issued nearly $90 billion in bonds, surpassing their total bond sales over the last 40 months [1] - Investors are demanding higher yields from AI bonds compared to previous months, indicating a shift in market sentiment [1] - The significant amount of investment-grade issuance from these firms may affect the overall investment-grade landscape, complicating the uncertain rate outlook amid a divided Federal Reserve and persistent inflation [2] Group 2 - Active ETFs are positioned to address risks associated with the proliferation of AI bonds, offering advantages over passive bond funds [3] - Active ETFs provide greater tax efficiency and flexibility due to their creation/redemption mechanism, which avoids taxable events [3] - The active investing freedom of ETFs allows them to adapt to market shifts and focus on fundamental research, providing a deeper understanding of issuer health [4]