alt Hacker NewsThe debt (bonds basically) is sitting on the books of investment banks. The article here is 5 days old - that "9 percent" figure is already out of date.
Here is today: Shares of AI cloud provider CoreWeave (CRWV) dropped over 15% Wednesday, a day after venture capitalist Chamath Palihapitiya posted on X a chart that showed the yield Nvidia-backed firm's 2032 bonds hit 15% yesterday as a sell-off brought prices into distressed territory. SOURCE: https://finance.yahoo.com/markets/stocks/articles/nvidia-bac...
I can conclude that supply is far exceeding demand because of the rates attached.
This seems like the sort of thing that would be really fascinating to understand but so far your comments are very opaque.
Consider this an invitation to expound at great length on the subject, if you are in to that sort of thing.