• ING Wholesale Banking flagged AI-driven TMT capex as a key factor lifting long-dated credit supply, pressuring long-end rates.
• Year-to-date USD corporate issuance reached USD 878 billion, topping every full-year total from 2021-2024; up 54% year-on-year.
• TMT issuance tripled to USD 330 billion; issuers skewed long, with 17+ year maturities at USD 235 billion.
• 10-30 year US Treasury issuance held at USD 340 billion; buybacks ran about USD 20 billion above last year, cutting net supply.
• Long-dated investment-grade corporate issuance rose USD 55 billion versus last year; combined long-end delta estimated at about USD 75 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ING Wholesale Banking published the original content used to generate this news brief on October 01, 2026, and is solely responsible for the information contained therein.