Watch Desk posted an update
Deutsche Bank’s George Saravelos says bond markets are underpricing the risk of an AI-related blow-up that could send investors rushing into bonds. He also argues that this year’s deeply negative sentiment towards fixed-income assets has gone too far.
Why it mattersIt is a market view, not a forecast that an AI shock is coming. But it captures an awkward twist: even investors wary of an AI-led downturn may be misjudging how markets would respond if one arrived.
Discuss: Are bond markets right to discount the chance of an AI-driven shock, or is that risk being overlooked?
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