Hyperscaler-linked CDS volumes surge nearly 5x since June to near-record highs
SumitGup · x · 2026-10-21
Per FT and Morgan Stanley Research, weekly CDS volumes linked to hyperscaler debt have exploded nearly 5x since June, approaching record highs near $10bn weekly. Spreads are also considerably wider than the investment grade index, signaling investors are getting nervous about AI-related debt as insurance against the hyperscalers becomes expensive.
Related event: AI Debt Fears Spark Surge in CDS Trading on Hyperscalers(2 posts)→
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