Wall Street used to worry that too much U.S. debt would crowd out the private sector. But AI hyperscalers are ‘reverse crowding’ the Treasury

"Capital flowing into corporate bonds is capital not flowing into Treasuries, and Treasury yields have had to rise to clear the market.

Source: [Fortune](https://fortune.com/2026/08/29/us-debt-reverse-crowding-out-effect-ai-hyperscaler-bonds-treasury-yields/)