In its Global Financial Stability Report, the IMF urged policymakers to avoid complacency and curb excessive leverage. Reuters reported that hyperscalers now account for 10% of global investment-grade bond issuance, up from less than 1% in 2024.

The Fund said AI investment is supporting growth, yet weaker profits or reduced capital needs could trigger forced selling and volatility. It separately warned that higher energy prices and fiscal pressures have increased risks in sovereign debt markets.

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This is an original summary, not a republication of the full report.

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