How the bond market is handling AI risks
Summary
This episode explores how tech giants are reshaping the bond market by issuing massive debt to finance AI data centers. Hosts Ricky Mulvey and Wayne Wong discuss the surge in corporate bond issuance, noting that hyperscalers sold over $13 billion in bonds in 2026 alone. Guests Zachary Griffiths and Jonathan Mondillo analyze investor demand, rising yields, and risks such as construction delays, technological obsolescence, and long-term lease complications. The segment highlights how these financial moves impact ordinary investors and the broader economy, while also touching on potential Fede…
Topics discussed
Intro: How mega tech stocks and bonds are linked
Sponsor segments: Capella University and Superhuman
Why bonds matter: Funding data centers and history
Hyperscalers and the surge in corporate bond issuance
Investor demand: Does the limit exist?
Yield spreads and the Alphabet bond case study
Risks: Construction, obsolescence, and lease terms
Future scenarios and global bond markets
Credits and sponsor segments: HomeServe and Total Wine
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