AI Capex Cycle Is Pushing Real Yields Higher, Says PIMCO’s Lotfi Karoui — Consensus Sees Another $500B Of Credit Supply

PIMCO Managing Director and Multi-Asset Credit Strategist Lotfi Karoui reportedly said Friday that the sheer scale of the artificial intelligence (AI) capital spending cycle is helping push real yields higher.Karoui’s comments to Bloomberg come as Treasury yields remain near multi-decade highs. The…