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…
Read at the source ↗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
- 01Hartnett recommends buying tech bonds as AI hyperscalers increase equity issuance and cut buybacks.
- 02According to Hartnett, U.S. technology bonds have lost about 9% so far in 2026.
- 03Their total return relative to the investment-grade index is at its lowest level in 30 years.