{
  "id": 16128052,
  "title": "Hyperscaler bonds pressure US public debt",
  "url": "https://urgent.news/2026/10/23/los-bonos-de-los-hiperescaladores-presionan-la-deuda-publica-de-eeuu",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T00:04:25.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/mercados/renta-fija/2026/10/23/6ada4590e5fdead57e8b458f.html"
  },
  "original_language": "es",
  "account": "Big tech companies, including Amazon, Alphabet, Meta, Microsoft, Oracle, and SpaceX, have issued over $180 billion in bonds this year, with estimates suggesting they could issue up to $250 billion more by the end of the year. These companies are competing with US Treasury bonds for investor demand, particularly in the long-end of the curve, with some issuing bonds with maturities as long as 100 years. According to a Vontobel study, this trend is redefining the US Treasury bond curve and could lead to increased financing costs for the US government. The study suggests that the large-scale debt issuance by these companies is absorbing investor demand that would otherwise go to Treasury bonds.",
  "summary": "According to a Vontebel study, with their large debt issuances to finance AI development, big tech companies are competing for demand with US Treasury bonds. These companies are also turning to an underutilized segment of the curve: the long end.",
  "key_points": [
    "Hyper-scalers Amazon and Alphabet issue $180 billion in US bonds this year.",
    "Alphabet's 100-year bond issued in February, maturing in 2126.",
    "Tech giants' long-term debt issuance competes with US Treasury bonds for investors."
  ],
  "editors_take": "The massive long-term bond issuances by tech giants to fund AI expansion compete directly with US Treasuries for investor capital, potentially driving up the overall cost of sovereign financing.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}