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PIMCO Warns of Cracks in Credit

Lotfi Karoui, Multi-Asset Credit Strategist at PIMCO joins Bloomberg Open Interest to talk about the health of credit markets and why cracks are emerging among the weakest borrowers. He explains why a coming wave of AI debt could force investors to become far more selective, and why downside protection and deal structure matter more than betting on the ultimate AI winner. (Source: Bloomberg)