FuturesIntel
    Market Data

    Equity & Bond Flows

    Credit spreads, yield curves, corporate debt levels, and capital allocation trends across equity and bond markets.

    Data sourced from the Federal Reserve Economic Data (FRED). Updated with 4-hour caching.

    The Great Rotation: AI Capex & Capital Markets

    The Magnificent 7's capital allocation is reshaping corporate bond markets and equity flows as AI infrastructure spending accelerates.

    $368B — Mag 7 AI capex investment in 2025

    $121B — Hyperscaler bond issuance in 2025 (vs $28B avg 2020-2024)

    Major deals: Meta $30B (Oct '25), Oracle $18B (Sep '25), Alphabet $17.5B (Nov '25), Amazon $15B (Nov '25)

    S&P 500 buyback growth went to 0% YoY in Q2 2025 (Mag 7 accounts for ~30% of total)

    2026 projection: Top 5 hyperscalers expected to spend ~$600B on AI capex (+38% YoY)

    Total US corporate bond issuance projected at $2.46T in 2026 (+11.8%)

    Sources
    Goldman Sachs Research, BofA Securities, S&P Global Ratings, Barclays, SIFMA
    Credit Spreads
    Aug '21Jun '22Apr '23Jan '24Nov '24Aug '260%1.2%2.4%3.6%4.8%
    Baa Spread
    IG Spread
    HY Spread
    Yield Curve (10Y - 2Y)
    Aug '21Jun '22Mar '23Jan '24Nov '24Aug '26-1.3%-0.65%0%0.65%1.3%
    Corporate Debt Securities Level
    Jul '21Apr '22Jan '23Oct '23Jul '24Jan '26$7.8T$8.1T$8.4T$8.7T$9.0T
    Corporate Debt vs Equity Market Value
    Jul '21Apr '22Jan '23Oct '23Jul '24Jan '2615%18%21%24%27%
    Corporate Profits After Tax
    Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26$2B$3B$3B$4B$4B