Deutsche Bank strategists have raised concerns about global credit valuations, stating they do not adequately reflect current risks. According to Jin10, the strategists highlighted that despite rising geopolitical tensions, investor sentiment has become more optimistic. They identified several potential risks, including the policies of the new U.S. Federal Reserve Chair, the impact of artificial intelligence advancements on the software industry and credit markets, and the strengthening euro potentially affecting German business confidence. Should any of these risks materialize, credit valuations could experience significant declines.