Supply Shock Created by Big Tech AI Investment Competition: Why Treasury Yields Can't Easily Go Down

Supply Shock Created by Big Tech AI Investment Competition…Why Treasury Yields Can't Easily Go Down | Myeong Min-jun, Park Ga-young, Shin Eol [Stock Beginner Rescue Team]
Watch on YouTube ↗  |  September 02, 2026 at 13:30  |  46:42  |  3PRO TV (삼프로TV)
Speakers
Shin Eol — Team Leader, Investment Strategy, Sangsangin Securities
Myung Min-jun — Host

Summary

This episode features Sang Sang In Securities investment strategy team lead Shin Eol discussing why US Treasury yields are not likely to fall easily. He attributes the bond sell-off to heavy Treasury and AI-driven corporate bond supply, examines Treasury Secretary Bessent's debasement strategy, and outlines positioning for bonds and AI/memory stocks in September.

  • September starts cautiously: KOSPI is seen at 65-70 and US markets at 70-75, with quarter-end and holiday effects limiting Korean inflows.
  • US bond yields are pressured by heavy supply: Treasury issuance is rising to about $12.9tn this year, with roughly $4tn of net new supply.
  • Corporate bond issuance is up 38% versus only 3% for Treasuries, driven by Big Tech/hyperscaler AI capex of at least $750-850bn.
  • Bessent's Treasury intervention signals could support bond prices at current yield levels, but structural supply remains negative.
  • AI large-cap leaders are still favored as the market selectively rewards visible, stable winners.
  • Samsung Electronics and SK hynix are viewed as essential memory infrastructure in the US-led AI value chain.
Ideas
Shin Eol Team Leader, Investment Strategy, Sangsangin Securities 21:52
Bond supply keeps yields elevated.
The bond sell-off is primarily a supply problem: Treasuries and corporate bonds are being issued too heavily relative to available buyers. Shin Eol estimates this year's US Treasury issuance at about $12.9tn, up from $11.5tn last year, with roughly $4tn of net new supply, while corporate bond issuance is up 38% versus only 3% for Treasuries. The issuance is driven by AI capex from big-tech hyperscalers and Oracle totaling at least $750-850bn, forcing investment-grade issuers to pay higher rates and lifting term premiums.
TLT LQD HIGH
Shin Eol Team Leader, Investment Strategy, Sangsangin Securities 40:03
Keep core positions in AI leaders.
The era when any stock rallied just by having an AI label ended last year. The market is now sorting winners from losers, and he expects confidence to keep shifting toward large-cap AI leaders with high visibility, stability, and the power to keep leading. Investors should keep core positions in representative AI leaders.
AI large-cap leaders HIGH
Shin Eol Team Leader, Investment Strategy, Sangsangin Securities 44:12
Samsung and Hynix essential AI memory.
If the US leads the AI race, Korea's memory semiconductor names, represented by Samsung Electronics and SK hynix, are essential infrastructure in the AI value chain and cannot be left out. He sees the positive flow as still valid and suggests investors who cannot time short-term swings should simply hold these names through the volatility.
005930.KS 000660.KS HIGH
Up Next
5:20
Venezuelan Oil Replenishing US SPR a ‘Pure Fantasy,’ Says Stephen Schork
Bloomberg Markets · Sep 02
2:57
European Gas Rises Again on Mideast Supply Risks
Bloomberg Markets · Sep 02
1:42
Elections in Saxony-Anhalt Could Shape Germany’s Future
Bloomberg Markets · Sep 02
6:18
New York Fed President John Williams: Higher bond yields come with a strong economy
CNBC · Sep 02
1:36
ADP Says US Companies Added 38,000 Jobs in August
Bloomberg Markets · Sep 02

This 3PRO TV (삼프로TV) video, published September 02, 2026, features Shin Eol discussing TLT, LQD, AI large-cap leaders, 005930.KS, 000660.KS. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Shin Eol  · Tickers: TLT, LQD, AI large-cap leaders, 005930.KS, 000660.KS