Bond investors are questioning the AI boom as spending heads toward USD 5.5 tn

Tech companies are raising equity like it’s the dot-com era again — and bond investors are getting nervous. Bloomberg

The bill keeps getting bigger:

Bond markets are already blinking:

The risk is duration as much as debt.

That is exactly the kind of risk the Bank for International Settlements (BIS) is worried about. annual report (pdf)

The warning goes beyond AI: Reuters

MARKETS THIS MORNING

Asia-Pacific markets ar e mixed in early trading this morning

Interest rates (CBE)

S&P Egypt Sovereign Bond Index

S&P MENA Bond & Sukuk

VIX (Volatility Index)

The EGX30 fell 2.1% at yesterday’s close