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Brianna ‘Chickenfry’ LaPaglia ‘never’ wears bras, but loves this ‘magic’ Skims one: ‘I don’t gatekeep’

NY Post
1 day 15 hours ago
"You're welcome, and enjoy your new boobs, ladies," the content creator quipped.
Hannah Southwick

Nicolas Cage film stolen from Netflix HQ is ‘red flag’ for rattled Hollywood

NY Post
1 day 15 hours ago
The chain of events claimed in a producer's bombshell $105M lawsuit has left filmmakers around town alarmed.
mliss1578

Nicolas Cage film stolen from Netflix HQ is ‘red flag’ for rattled Hollywood

NY Post
1 day 15 hours ago
The chain of events claimed in a producer's bombshell $105M lawsuit has left filmmakers around town alarmed.
Tatiana Siegel

Hilary Duff rushed ‘brave’ daughter, 5, to the ER hours before first sold-out MSG show

NY Post
1 day 15 hours ago
Duff opened up about the family medical emergency on stage at the New York City venue.
mliss1578

Hilary Duff rushed ‘brave’ daughter, 5, to the ER hours before first sold-out MSG show

NY Post
1 day 15 hours ago
Duff opened up about the family medical emergency on stage at the New York City venue.
Eric Todisco

Horrific video shows paratrooper plunging to his death during Russian Airborne Forces Day celebration

NY Post
1 day 15 hours ago
A Russian paratrooper has died after his parachute failed to open during an Airborne Troops Day celebration near Moscow.
News.com.au

Dodgers’ Shohei Ohtani two-way status under threat like never before

NY Post
1 day 15 hours ago
This could be the beginning of the end.
Dylan Hernandez

Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering

Zero Rss
1 day 15 hours ago
Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering

After tightening sharply following last week's (pre-Situational Awareness) rout which sent hyperscaler CDS to the widest on record, AI bond spreads are blowing out again this morning - with SpaceX bonds - which have quickly emerged as the fulcrum bond security of the AI world - plunging this morning on news that for the third time in a year, Alphabet which has emerged as the credit (both on and off balance sheet) nexus of the AI supercyle, is looking to raise another $25 billion from its latest US investment-grade bond offering, a deal that will again test investor appetite for AI-related debt following a July selloff when bond AI-linked bond spreads exploded to all time wides.

The offering, which will very likely be upsizied (just as the illl-fated SpaceX bond offering) will be Alphabet's third since November.

In February, the Google parent issued more than $30 billion in new debt, including multiple non-US tranches. The offering followed a similar bond issuance from November 2025, when Alphabet sold $25 billion in debt, quadrupling its long-term debt to $46 billion. Since then Google's debt has surpassed over $100 billion and is rising at an astronomic pace; one can only hope the rating agencies don't notice. 

According to Bloomberg, Alphabet is offering notes in as many as 10 parts, with maturities ranging from two to 40 years. Initial price talk for the longest-tenored tranche is a premium of about 1.55 percentage points above Treasuries. No final decision has been made on the size, according to people familiar with the matter, however it is likely that - as always - there will be excess demand leading to significant oversubscription, with the bond then sliding after it starts trading.

Virtually every bank is an underwriter on the offering which will need all the help it can get: Bank of America, Citigroup, Goldman, JPMorgan, Morgan Stanley and Wells Fargo are managing the sale, Bloomberg said.

Alphabet’s offering comes one month after Amazon issued an identical amount of debt, and just two weeks after the company again raised its 2026 spending outlook, which triggered fresh worries about whether massive artificial-intelligence investments will pay off. Investor appetite for bonds to help fund capex cooled in July as Alphabet increased its forecast to as much as $205 billion, more than double 2025’s outlays.

Meanwhile, as the market finally started paying attention to good, old on-balance sheet debt, the flood of off-balance sheet continued with BlackRock last week selling $12.5 billion of bonds tied to a Meta data center SPV in Texas. Initial demand was very poor, following soft interest for an offering by Amazon.com.

Immediately afterward, bond spreads across the Hyperscaler sector blew out to record wides in the secondary market, as we reported on multiuple occasions. 

However, following the historic short squeeze in the past week (sparked by.... nobody really knows) sentiment improved again as August began, helped by gains in US Treasuries.

“We’ve had a few days now of positive reactions from investors across corporates and especially technology,” said Brett Kozlowski, portfolio manager at GW&K Investment Management. “But another large debt deal will still test the depth of that and be worth watching.”

Sure enough, after sliding by almost 20bps in the past week, hyperscaler spreads have already cut their gains in half after blowing out by almost 10bps since Tuesday, a move that is set to accelerate as even more debt comes to market.

 Alphabet, which sold more than $50 billion of debt in the first half of 2026, and Amazon have led the AI-infrastructure borrowing spree. Alphabet last tapped the US high-grade debt market in February, before selling bonds in Swiss francs, British pounds, euros, Canadian dollars and Japanese yen. It also issued nearly $85 billion of shares two months ago.

The explosive growth in CapEx is why Alphabet posted its first quarter of negative cash flow since its 2004 initial public offering.

The hope is that at some point, all this massive investment will lead to a surge in EBITDA. The only problem is what happens if nearly-free Chinese open-weight models end up dominating the market while US hyperscalers duke it out in the biggest spending spree since the Nuclear arms race. And, as we reported overnight, that's precisely what is happening. 

Tyler Durden Thu, 08/06/2026 - 10:14
Tyler Durden

Burnt artifacts discovered in parking lot linked to King Nebuchadnezzar’s destructive campaign during one of Jerusalem’s darkest periods

NY Post
1 day 15 hours ago
Archaeologists have uncovered some millennia-old burnt wooden beams in Jerusalem that hark back to a dark event described in the Bible -- the razing of King Solomon's temple.
Ben Cost

Knicks baseball hats top Chanel as most coveted accessory in the world among luxury shoppers selling for $400 on resale sites

NY Post
1 day 15 hours ago
Karl-Anthony Towns just dunked on Coco Chanel.
Faran Krentcil

Phillies fan wins auction to broadcast game — and ‘nothing can prepare you for how his voice sounds’

NY Post
1 day 15 hours ago
He was a natural. The Phillies held an auction for one fan to call an inning on 94WIP on Wednesday night — and listeners could not believe what they were hearing. A fan named Lewis Kalb crushed his opportunity to join Scott Franzke and Larry Andersen for the top of the third inning for the contest...
Grace McCarron

What Brittany Cartwright’s publicist texted her before bombshell Jax Taylor romance

NY Post
1 day 15 hours ago
"It was so heartbreaking for me," Cartwright said of the shock pairing.
mliss1578

What Brittany Cartwright’s publicist texted her before bombshell Jax Taylor romance

NY Post
1 day 15 hours ago
"It was so heartbreaking for me," Cartwright said of the shock pairing.
Jolie Zenna

Harry Jowsey gives surprising update on ongoing feud with Nick Viall

NY Post
1 day 15 hours ago
The "Let's Marry Harry" star exclusively told Page Six Radio that he recently ran into Viall.
mliss1578

Harry Jowsey gives surprising update on ongoing feud with Nick Viall

NY Post
1 day 15 hours ago
The "Let's Marry Harry" star exclusively told Page Six Radio that he recently ran into Viall.
Samantha Nungesser, Danny Murphy, Evan Real

Polymarket promo code NYPMAX1: Deposit $10, get $20 for NFL preseason

NY Post
1 day 15 hours ago
New York Post readers can enter the Polymarket promo code NYPMAX1 to unlock a $20 bonus for NFL preseason games.
Michael Leboff

‘Ted Lasso’ Season 4, Episode 1: 5 Things You May Have Missed, From Thundergong! To The New Basement Tapes And More

NY Post
1 day 15 hours ago
What else will we spot during rewatches?!
mliss1578

Ben Simmons sparks 76ers rumors with LeBron James photo hint

NY Post
1 day 16 hours ago
After being run out of town five years ago, Ben Simmons posted on social media that he's currently lacing up The King's boots.
Erich Richter

Ukrainian woman arrested by ICE at San Francisco airport

NY Post
1 day 16 hours ago
A 38-year-old Ukrainian woman, Iryna Gorb, was arrested by plainclothes ICE agents at San Francisco International Airport on July 22 after arriving on a flight from Portland. Video of the arrest, recorded by Richmond City Councilmember Doria Robinson, shows Gorb pleading for help as she is detained. The Department of Homeland Security said Gorb had...
New York Post Video

Miss North Carolina USA addresses taking crown from dethroned winner— but stays mum on alleged racism scandal

NY Post
1 day 16 hours ago
Boltinhouse, a business owner in Wilmington, is accused of writing a slew of social media posts containing a racial slur under an alias.
Chris Bradford

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