On August 27, Matthias Reschke, head of European investment-grade finance at J.P. Morgan Chase, said that large-scale issuance of bonds by AI giants is testing the resilience of the bond market, and bond issuance prices will become an important indicator for measuring investors' needs. Reschke said that the trading spread of bonds issued by hyperscale technology companies in the US market is about 55 basis points higher than other corporate bonds, and there is a “clear premium.” He said that the market is not worried that these bonds cannot be issued; the key is what kind of price investors are willing to accept. According to statistics, large-scale technology companies such as Meta, Alphabet, Oracle, Microsoft, and Amazon have issued more than 220 billion US dollars in bonds in 7 different currencies this year. Reschke anticipates that some AI-related bond supply will flow into the European market, and there will also be more debt-issuing activities in utilities and other related industries that require large amounts of energy for data centers.

On August 27, Matthias Reschke, head of European investment-grade finance at J.P. Morgan Chase, said that large-scale issuance of bonds by AI giants is testing the resilience of the bond market, and bond issuance prices will become an important indicator for measuring investors' needs. Reschke said that the trading spread of bonds issued by hyperscale technology companies in the US market is about 55 basis points higher than other corporate bonds, and there is a “clear premium.” He said that the market is not worried that these bonds cannot be issued; the key is what kind of price investors are willing to accept. According to statistics, large-scale technology companies such as Meta, Alphabet, Oracle, Microsoft, and Amazon have issued more than 220 billion US dollars in bonds in 7 different currencies this year. Reschke anticipates that some AI-related bond supply will flow into the European market, and there will also be more debt-issuing activities in utilities and other related industries that require large amounts of energy for data centers.