Ep. 1959: Bond. Very Long Bond.

AI’s appetite for data centers is sending tech giants to the bond market—and some of that debt will still be around in 2075. Don and Tom look at the scale of the borrowing and why a tempting yield deserves a closer look.They separate coupon rate from yield to maturity, explain senior unsecured debt, and show how brutally interest-rate-sensitive a 50-year bond can be. The verdict: these bonds may belong in a broad index, but they don’t belong on your personal shopping list.Listener questions cover sequence-of-return risk, Roth IRAs versus 529s for children, and the smart savings order for a 19-year-old earning real money for the first time.Timestamps:0:38 AI, data centers, and corporate debt3:40 The $50 trillion U.S. bond market5:21 Big Tech’s borrowing binge7:06 Coupon rate versus yield to maturity8:10 The danger in a 50-year bond12:45 Sequence-of-return risk in retirement16:05 Roth IRAs and 529s for children20:14 A young saver’s order of operationsQuestions? Comments? Click!