Data Center debt getting smoked today. Coreweave unsecureds tag 1000 g-sprd bps for the first time ever. Oracle unsecureds trading like deep junk. Even Meta's Project Beignet about to hit record wide
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@zerohedgeOct 5
When Does The Credit Party End? Goldman, Morgan Stanley Map The AI Debt Binge As The Edges Start To Crack zerohedge.com/markets/when-d…
When Does The Credit Party End? Goldman, Morgan Stanley Map The AI Debt Binge As The Edges Start To...

When Does The Credit Party End? Goldman, Morgan Stanley Map The AI Debt Binge As The Edges Start To...

Rates and spreads are now selling off together: the one configuration in which yield buyers stop cushioning anything... just as $420 billion in hyperscaler bonds heads their way.

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It’s not that supercomputer data centers are not in high demand, as they definitely are. However, getting money to build complex hardware systems with massive power, cooling & networking is not the same as doing it. SpaceX has a super cracked team that is outperforming the rest of the world by an order of magnitude in mass to orbit and even we find it very difficult!
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Team work makes the dream work 🚀
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Oct 13, 2026 · 10:49 PM UTC

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