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Cost of Issuance: 40-Year New-Issue Spread (Like-for-Like Maturity, bp vs UST)
Cost of Issuance: 40-Year New-Issue Spread (Like-for-Like Maturity, bp vs UST)#
Forty-year issuance spreads deteriorated fastest at Oracle; Google and Meta widened about 35 basis points in six months; Amazon was flattest.Draft, pending review
How to read this chart
Whether the price is fair. The slope between one issuer's deals is how fast its cost is deteriorating; the vertical gap between issuers is the credit tiering.
Source: Public bond filings and media reports; FinSight compilation · Updated 2026-09-03
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