尽管当前公司债券普遍估值偏高，但投资级债券的低评级部分和高收益债券的优质梯队仍蕴含投资机会。SanJac Alpha投资总监安德鲁·韦尔斯指出，在BB级和B级的高收益债券领域，"实际基本面相当健康，因为风险较高的标的已被挤出至私募信贷市场"。
针对人工智能热潮引发的融资活动，他表现出谨慎态度。韦尔斯特别提到正在规避科技板块风险，"像甲骨文这类背负巨额债务的企业尤其值得警惕"，"其债券发行规模已明显透露出过度建设或供给过剩的迹象"。
（本文基于道琼斯通讯社2026年2月25日12:17 ET发布的市场评论编译）
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