科技巨头信用风险升温，Oracle 5年期CDS年内飙升70个基点

Odaily News – Market research firm The Kobeissi Letter posted on X platform, stating that investors are increasingly concerned about the debt of major tech companies. Oracle's 5-year credit default swap (CDS) has risen 70 basis points year-to-date to a record level of approximately 215 basis points, marking the largest increase among major tech firms. Broadcom follows, with its 5-year CDS climbing 48 basis points over the same period. Meta's 5-year CDS rose 39 basis points to 95 basis points, reaching its highest level since trading began in October 2025. Nvidia's 5-year CDS is up 32 basis points so far in 2026 to around 82 basis points, the highest since trading started in November 2025. Additionally, Amazon and Alphabet's 5-year CDS are up 30 and 29 basis points, respectively. Meanwhile, major tech companies have issued approximately $200 billion in corporate bonds so far this year, nearly double the total for all of 2025. Credit markets are increasingly worried about the cost of financing the AI race.