Hyperscalers to Reach 9% of Investment-Grade Bond Supply

Bank of America projects that hyperscalers will account for 9% of the gross investment-grade bond supply in 2026. This forecast marks a sharp increase from the 7% share expected in 2025 and a significant jump from the 1% to 3% range recorded between 2020 and 2024.

Research indicates this trend is driven by the ongoing artificial intelligence boom. The increase in bond supply occurs as the market contends with a $40 trillion debt bubble.