Under pressure from US Treasury bonds, Alphabet's massive bond issuance pricing is imminent.

Under pressure from US Treasury bonds, affected by news in the morning session that Google's parent company Alphabet is seeking to issue a huge corporate bond. The $17.5 billion bond issuance plan, divided into eight parts, includes 30-year and 50-year bonds. After the October ISM manufacturing index was weaker than expected, the US bond briefly narrowed its losses. Just after 3 p.m. New York time, US bond yields rose by 2 to 4 basis points intraday, the yield curve steepened, and the 5s30s spread widened by about 1 basis point. The 10-year Treasury yield briefly rose 4 basis points to 4.12%, closing near 4.11%. Alphabet's bond issuance was initially expected to be $15 billion, following Meta Platforms Inc.'s issuance of $30 billion in bonds last week, the largest high-grade bond issuance in the US this year.