00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Treasury yields climbed this week to their highest level since 2007,
00:06raising borrowing costs for companies financing the AI infrastructure build-out, according to CNBC.
00:12JP Morgan estimates $4.1 trillion in AI-related debt will be issued through 2030,
00:18as companies race to add data center capacity.
00:20The 10-year Treasury yield is near 5.17%, up about one percentage point this year.
00:27SoftBank raised $11.1 billion in a junk bond sale this week, with yields as high as 9.75%.
00:35Lenders are also becoming more selective about which projects they will fund,
00:39even when borrowers are willing to pay higher rates.
00:42CoreWeave said every one percentage point increase in rates could add $30 million to its interest expense.
00:49Industry executives said strong AI demand is likely to keep borrowing and infrastructure investment moving.
00:54For all things money, visit Benzinga.com.
