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via finance.yahoo.comMarkets

Tech bonds are 'diamonds in the rough', says BofA's Hartnett

FROM THE WIRE · FINANCE.YAHOO.COM

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bank of America's top strategist has found value in an unloved corner of the AI trade: the bonds of the companies paying for it. "Buy tech bond 'diamonds-in-rough' as AI…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA bullish call on a battered bond segment can shift flows between tech debt and high-grade credit.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Hartnett recommends buying tech bonds as AI hyperscalers increase equity issuance and cut buybacks.
  2. 02According to Hartnett, U.S. technology bonds have lost about 9% so far in 2026.
  3. 03Their total return relative to the investment-grade index is at its lowest level in 30 years.

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.