Bond investors question AI risks
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Kia ora.
Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from interest.co.nz.
Today we lead with news the AI buildout is going to cost more as bond investors recoil at the risks involved. Those higher rates will spill out everywhere.
But first, there was a chunky -5.3% fall in US mortgage applications last week from the prior week, making it nine of the past ten weeks of consecutive decline. And apart from…
The skinny
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