Caleb Mutua

Citadel Securities LLC started making markets for two baskets of corporate bonds issued by Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. on Wednesday, as investors look for more liquid ways to speculate on massive investments in artificial intelligence.

As tech companies gear up to borrow hundreds of billions of dollars to fuel investments in artificial intelligence, lenders and investors are increasingly looking to protect themselves against it all going wrong.

A fresh wave of spending to finance investments in artificial intelligence will help drive 2026 issuance in the US investment-grade market to a record $1.81 trillion next year, according to JPMorgan Chase & Co.

The cost of protecting Oracle Corp.’s debt against default rose on Friday, after surging by the most since 2021 on Thursday, as jittery investors and lenders rush to hedge against the billions of dollars the software giant is pouring into artificial intelligence.

MarketAxess Holdings Inc. is seeking to bring a feature of fast-twitch equity markets to the relatively sedate $9 trillion universe of corporate bonds: the daily closing auction.

Credit traders are buying protection against Oracle Corp. defaulting on its debt, a trend that Morgan Stanley sees continuing in the near term as the tech giant pours billions into artificial intelligence.

Bill Ackman’s Pershing Square Holdings Ltd. sold a $500 million note on Thursday, its first dollar-bond sale in four years.

Goldman Sachs Group Inc.’s chief credit strategist Lotfi Karoui is leaving the Wall Street bank after 18 years, according to an internal memo reviewed by Bloomberg.

Global credit markets are on edge as fresh loan blowups fuel credit risk concerns and stir memories of the 2023 US regional banking crisis.

A startup backed by Wall Street’s biggest banks is making headway in a push to bring electronic trading to one of the final holdouts.