"Blast Radius": These Are The AI Junk Bonds Set To Crater As Democrats Freeze The Buildout

Back in October, Morgan Stanley published a wishlist for data center bonds. At the top: documents that "require rent commencement once shells are delivered (regardless of power availability)."

Of the 20 data center bonds in the junk market, exactly one has that kind of protection. On Tuesday night, voters made the other 19 a lot more interesting.

$45.6 Billion Of Debt, 468 Megawatts Of Buildings