Goldman Sachs Favors AI Infrastructure Over 5%+ Yielding Bonds

Goldman Sachs global co-head of FICC, Anshul Sehgal, advises against purchasing long-term bonds yielding 5% or more, citing structural pressures such as reduced buying from retirees and heavy borrowing for AI infrastructure. Sehgal views AI computing power and data centers as offering a more asymmetric trade opportunity compared to long-dated Treasury bonds.