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The Real Rate Index45.30.00Palanor: Inflation Pulse50.7+0.06Palanor: Geopolitical Stress59.7-0.25Palanor: Liquidity58.8+0.87Palanor: Capital Tightness46.4-1.11Palanor: Industrial Pulse70.10.00Palanor: AI Margin Compression52.8-0.63Palanor: Consumer Confidence47.1-1.44Palanor: US Dollar Strength46.5+0.01Palanor: Labor Heat63.20.00Palanor: Recession Vocabulary28.7+0.64Palanor: Uncertainty Index53.2-0.24Palanor: US Jobs Health40.30.00Palanor: Energy Transition37.7+0.74Palanor: Reshoring Sentiment22.7-0.15Palanor: AI Substitution28.6+0.24The Social Fabric Index45.70.00Palanor: Geopolitical Anxiety19.8+0.43Palanor: Quit Pressure34.7-2.85The Mania Index88.00.00The Palanor Index57.5+0.37Cost Disease Spread33.20.00Palanor: US vs China49.4-0.05Rise of Socialism Index40.6-0.18The Bubble Memory98.5-0.00Palanor: Steward Confidence51.0+0.19The Long Watch90.30.00The Reshoring Index55.20.00The Capital Return Index80.2-0.77The Discourse Index74.3+1.91The Hesitation Index33.4+2.64Palanor AI Inference Cost Index71.2-0.03The AI Capex Race Index76.1-2.39The Boardroom Index81.7-0.84The Layoff Cycle Index35.6+2.75Capital Deployment Posture Index61.7-0.67The Consumer Health Index41.8+0.07Labor Hours Composite44.40.00The Dollar Erosion Index65.5-1.13Palanor: Risk Appetite35.4-0.76
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Bars over time

Hyperscaler Bond Issuance by Year

Bonds priced by Microsoft, Alphabet, Amazon, Meta and Oracle each year, $ billions; this year to date

$157B in 2026 so far$0B since 2026 YTD
YTD1y2y5y10y20yAll
Forecast availableOffContinuationForesight™
Current·Data to 2026 YTD

Palanor calculation from the final pricing term sheets each company filed on SEC EDGAR (free writing prospectuses and 424B2 supplements). U.S. dollar principal by the month a deal priced. Only SEC-registered deals file a term sheet: Rule 144A deals, private placements and debt raised by data-center partners or special-purpose vehicles are not counted. Public domain. The five companies are named, not chosen by an AI definition. Monthly totals added up by calendar year.

How much the five largest cloud and AI spenders have raised in the bond market each year, counted deal by deal from their own SEC filings. The current year is shown to date.

What this chart reads

Sources

Hyperscaler Bond Issuance per Month (SEC Term Sheets). Source: Palanor calculation from SEC EDGAR pricing term sheets (FWP, 424B2). Public domain.

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

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