UBS lifts forecast for big tech bond sales this year


FILE PHOTO: A logo of Swiss bank UBS is seen in Zurich, Switzerland, May 1, 2025. REUTERS/Denis Balibouse/File Photo

LONDON, Feb 18 (Reuters) - UBS ⁠lifted its 2026 forecasts for U.S. tech investment grade bond sales on Wednesday, ⁠pointing to rising spending by big tech firms, while cutting its forecast for ‌leveraged loans on expectations that AI-related disruption could curb supply.

Several megacap tech companies including Meta, Amazon and Alphabet have announced big increases to their capital expenditure plans during the latest earnings season.

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