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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, including their special-purpose vehicles, is projected to surge to a record $320 billion this year, roughly 70% of total Treasury bond issuance. Big Tech’s Debt Load Is Exploding According to data shared by The Kobeissi Letter on X, the $320 billion figure would mark a 60% year-over-year increase of roughly $120 billion and represent nearly nine times the level seen in 2024. “We believe the AI debt boom is now driving Treasury yields higher,” the m

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Stocks· September 07, 2026 at 06:56 AM
Authored by·Editorially reviewed
Onur Erkan Yıldız
Founder, Financial Engineer · CMB-licensed
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AI summary

Combined bond issuance from Big Tech companies, including their special-purpose vehicles, is projected to surge to a record $320 billion this year, roughly 70% of total Treasury bond issuance. Big Tech’s Debt Load Is Exploding According to data shared by The Kobeissi Letter on X, the $320 billion figure would mark a 60% year-over-year increase of roughly $120 billion and represent nearly nine times the level seen in 2024. “We believe the AI debt boom is now driving Treasury yields higher,” the m

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