Amazon, Meta Are Now Serious Competition to Uncle Sam: Big Tech's AI Debt Boom 'Driving' Treasury Yields Higher, Says Market Commentator
Combined bond issuance from Big Tech companies is projected to surge to a record $320 billion this year, 70% of Treasury issuance.
Big tech companies like Amazon and Meta are borrowing huge amounts of money to build AI, which is affecting interest rates in the whole market. When lots of big companies borrow money at the same time, it can push up the cost of borrowing for everyone else.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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