Software selloff drives repricing in Europe’s loan markets

Henry Craik-White. Photo: Schroders.
Henry Craik-White. Photo: Schroders.
Artificial intelligence has unsettled software stocks for months. Now it is testing European credit markets and exposing fault lines in parts of private credit that were sold to investors as stable and uncorrelated. “If the software issue remains isolated, markets can cope. If it bleeds into the real economy, then all bets are off.”

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