Global bond credit spreads widened to 129 basis points, the highest since May 2025. Investors are demanding an increase in risk compensation and a reduction in investments in corporate debt against the background of the sale of technology stocks and geopolitical tensions. At the same time, US government bonds showed the strongest growth in more than two years. Capital moves into government securities, which are seen as a protective asset when uncertainty in the markets increases. Another source of concern was large-scale investments in artificial intelligence. Market participants cast increasing doubt that the invested funds will be returned quickly enough. These concerns affect not only the value of technology companies, but also the assessment of corporate debt risks. Rising spreads mean market funding is becoming more expensive for companies, while demand for US government bonds is growing. Market participants value safety of capital more and more.

Global bond credit spreads widened to 129 basis points, the highest since May 2025. Investors are demanding an increase in risk compensation and a reduction in investments in corporate debt against the background of the sale of technology stocks and geopolitical tensions. At the same time, US government bonds showed the strongest growth in more than two years. Capital moves into government securities, which are seen as a protective asset when uncertainty in the markets increases. Another source of concern was large-scale investments in artificial intelligence. Market participants cast increasing doubt that the invested funds will be returned quickly enough. These concerns affect not only the value of technology companies, but also the assessment of corporate debt risks. Rising spreads mean market funding is becoming more expensive for companies, while demand for US government bonds is growing. Market participants value safety of capital more and more.