Thomas Sy(@ThomasGSy):AI isn't just an equity story, credit markets are absorbing record supply. Hyperscalers have issued $169B in bonds in YTD 2026, with plans for $725 billion in combined capex before YE, up 77% from 2025. The coupon income story is intact, but duration is the hidden risk, with a decisive shift toward the long end. Prudent to stay in the front end and belly of the curve and security selection beats broad beta from here.

Thomas Sy

@ThomasGSy

Global asset allocator at @NYLIManagement | Institutional Customized Solutions | Digital Assets | RWA | Global Market Strategy

参加 November 2025

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Thomas Sy@ThomasGSy

2026.07.09 12:23

AI isn't just an equity story, credit markets are absorbing record supply. Hyperscalers have issued $169B in bonds in YTD 2026, with plans for $725 billion in combined capex before YE, up 77% from 2025. The coupon income story is intact, but duration is the hidden risk, with a decisive shift toward the long end. Prudent to stay in the front end and belly of the curve and security selection beats broad beta from here.