News Summary

• u.s. 30-year real yields, as measured by inflation-linked bonds, are near 18-year highs at around 3%.
• The likes of Alphabet, Amazon and Meta have issued almost $220 billion of bonds so far this ‌year, already more than double the $108 billion for the whole of ⁠2025.
• Investors and analysts say a surge in borrowing by AI "hyperscalers", at a time when governments are still spending heavily, has been a leading factor pushing up yields.