Amid the growing angst about hyperscaler CapEx (and more specifically, the historic flood of new debt issuance to fund it), attention among the always-bullish equity talking-heads has shifted - and rightfully so - to the bond markets as alarm signals flare up with an increasing frequency. Of course, for ZeroHedge readers, this is not a new topic, it is something we have been warning of for the past year, ever since we explained that debt was the true AI bubble last October:
- The $1.8 Trillion Off-Balance Sheet Time Bomb At The Heart Of The AI Supercycle
- Goldman Warns Massive Hyperscaler Bond Issuance Means "Risk Skewed To Downside"
- "Generational Transfer Is Taking Place": The Cash Crunch Is Coming For AI Hyperscalers
- Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering
- The AI CapEx Boom Is Building T
