Credit derivatives are selling at a 36% higher volume than the previous record, set last April after Trump launched global tariffs.

Amazon's jumbo debt sale can't be seen as representative of broader credit-market demand; as geopolitical uncertainty continues to be the main factor weighing on markets.

The planned offering combining euro- and dollar-denominated bonds would test demand for high-grade debt since issuance ground to a halt earlier this week.

A robust secondary market is a boon for borrowers, as the improved liquidity can help lower their risk premiums.

A year ago, credit derivatives tied to individual companies didn't exist for many high-grade Big Tech issuers, but now they are some of the most actively traded U.S. contracts.

Analysts expect U.S. high-grade corporate bond spreads to widen.

A pension plan that bought the bonds claims Oracle didn’t tell investors it needed to raise a “significant amount of additional debt” to finance its AI build-out.

Across the United States, Europe, and Asia, businesses and governments have borrowed roughly US$260 billion so far, and a barrage of offerings from borrowers in Asia is poised to push that number higher.