ALPHABET's 100-year GBP bond, issued in Feb 2026 and maturing Feb 2126, has fallen more than 7% since issuance. Despite heavy initial demand and oversubscription, market participants point to the century tenor, a surge in issuance from global hyperscale cloud providers and rising UK political uncertainty as drivers of the sell-off, saying the outcome was not entirely unexpected. The move highlights broad weakness in investment-grade tech debt issued this year amid rising long-term yields, with a

ALPHABET's 100-year GBP bond, issued in Feb 2026 and maturing Feb 2126, has fallen more than 7% since issuance. Despite heavy initial demand and oversubscription, market participants point to the century tenor, a surge in issuance from global hyperscale cloud providers and rising UK political uncertainty as drivers of the sell-off, saying the outcome was not entirely unexpected. The move highlights broad weakness in investment-grade tech debt issued this year amid rising long-term yields, with additional pressure from AI-sector volatility and inflation.