Banks Syndicate $60 Billion AI Debt Deal for Anthropic

Bank of America, Citigroup, and Morgan Stanley began syndicating a massive $60 billion debt package to finance Anthropic's lease of Google semiconductors, according to the Financial Times. The syndication represents the largest chip-financing debt structure brought to market to date, testing debt appetite for artificial intelligence infrastructure during an era of elevated borrowing costs. The financing package consists of $42 billion in Broadcom-backed senior secured loans currently launched to commercial banks, paired with an additional $18 billion across junior tranches. Private credit firm Blackstone has committed approximately $9 billion toward those junior tranches, the Financial Times reported. Broadcom's partial corporate guarantee serves as credit enhancement to suppress borrowing expenses across the syndicated paper, even as benchmark U.S. 10-year Treasury yields linger at 5.29%. While primary debt desks test how much enterprise credit the technology buildout can absorb, the equity market is treating the capital deployment as fuel for established hardware supply chains. The news crosses as equity indices hold firmly inside positive dealer gamma regimes, with index options suppressing intraday volatility rather than accelerating it. SPY is trading at 780.02, gaining 0.67% on the session, and pinning right against its 780 call wall with a positive gamma flip down at 767.61. QQQ is seeing an identical structural ceiling, trading at 761.66 against an overhead call wall at 762. With dealers sitting long gamma above the 750.47 flip, option hedging continues to act as a shock absorber across mega-cap tech, absorbing aggressive buying into resistance. VIX trades down 0.97% at 15.37, while front-month Brent futures settled back down 1.81% to $98.50 per barrel, providing broad macro cover for equity markets to press their immediate upside boundaries.