The Bond Binge: When Hyperscalers Meet Supply and Demand Mohamed El Erian's warning about the influx of hyperscaler bonds competing with U. S.
Treasuries has sent shockwaves through financial circles, pushing rates higher as investors grow increasingly wary of the fallout from the US led war against Iran and the rapid pace of AI development.
Five hyperscalers – Alphabet, Amazon, Meta, Microsoft, and Oracle – have issued a staggering $132 billion in bonds this year to fund their swift AI buildout.