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AI data-center spending overtakes U.S. housing investment for the first time

Bessent notes AI firms borrowing regardless of yield

1 Sep 20 2:04 PM · 6d ago · 1 article · 1 source · development 1 of 3

Treasury Secretary Scott Bessent is quoted describing hyperscalers' debt issuance for AI buildout as "yield-agnostic" because companies expect outsized returns, contrasted with housing investment's sensitivity to near-7% mortgage rates and rising Treasury yields.

Bessent notes AI firms borrowing regardless of yield
fortune.com

“We are also seeing big corporate issuance. And a lot of that corporate issuance, I would say, is almost yield-agnostic, because the build-out for AI, the returns on that, the companies believe they’re going to be so high. They don’t really care what they’re paying.”

Scott Bessent

Adam Shapiro VP, Federal Reserve Bank of San FranciscoScott BessentScott Bessent U.S. Treasury SecretaryS&P Global Ratings and research firmAlphabet (Google) Hyperscaler cited as example

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1Bessent notes AI firms borrowing…2Mastodon post frames shift as "fully…3Bluesky post amplifies data-center-vs-hous…
Sep 21Sep 22Sep 23Sep 24yesterdaynow · 2:30 PM ET

Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch

  1. 1 outlet U.S. economy hits pivotal milestone: Spending on data centers and other information-processing hardware now exceeds housing investment

    first by Fortune, 6d ago

All 3 developments of AI data-center spending overtakes U.S. housing investment… →

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