BlackRock Inc. expects European corporate credit spreads to remain range-bound throughout 2024 as attractive fixed-income yields are likely to offset worries about potential AI-driven disruption. The investment giant's outlook suggests investors seeking higher returns will continue to demand spreads within current levels, even as artificial intelligence raises questions about future economic stability and corporate earnings. Range-bound implies spreads won't widen significantly or narrow sharply, indicating market confidence in the current pricing despite technological uncertainties. This stability hinges on yields remaining compelling enough to attract capital, potentially mitigating AI-related risks through higher compensation for perceived danger. BlackRock's assessment highlights a key dynamic where traditional fixed-income demand could temper volatility in credit markets.