On October 27, BlackRock's Global Fixed Income Chief Investment Officer Rick Rieder stated in an interview with Bloomberg TV that the scale of debt financing for AI infrastructure expansion is unprecedented, making related high-quality bonds more attractive than U.S. long-term Treasuries. He mentioned that he spent the entire weekend reviewing relevant transactions and is participating directly on a significant scale, focusing on high-quality bonds issued to finance GPUs, data centers, and other infrastructure. Due to the large scale of new corporate bond issuances, the terms are more favorable than before. He noted that while the yield on U.S. 10-year Treasuries has exceeded 5%, Treasuries have 'taken a back seat' and are increasingly viewed as a 'market benchmark' for measuring the stock market rather than a core investment target. Investors can achieve around a 7% yield by purchasing short-duration single-A bonds while avoiding the duration risk of long bonds. He also mentioned that the global scale of high-quality AI-related financing has exceeded $300 billion this year, approximately three times that of the entire previous year. Currently, major data center operators are issuing corporate bonds at an unprecedented scale to raise hundreds of billions of dollars.