Vishy Tirupattur

Managing Director and Chief Fixed Income Strategist, Morgan Stanley

Search every verified Vishy Tirupattur interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Vishy Tirupattur, managing director and chief fixed income strategist at Morgan Stanley, discussed the impact of AI-related corporate debt on the U.S. Treasurys market in a September 8, 2026 podcast with Matthew Hornbach. He said that hyperscalers have large capital expenditure needs for AI infrastructure, driven by demand for compute exceeding supply, and that this financing is being deployed across various credit markets, including investment grade, high yield, and private credit. Tirupattur noted a shift toward shorter-duration, five-year amortizing structures for some issuers, while also observing that new issuers have not established a consistent cadence, creating uncertainty for investors and dealers. Tirupattur also commented on the scale and diversity of AI-related issuance, saying he was surprised by the breadth and depth of these markets and their ability to handle complexity. He noted that issuance has occurred in seven currencies and across both investment grade and high yield, contrary to earlier expectations. Additionally, he mentioned political pushback on data centers, including moratoria in New York and bipartisan opposition, which could slow long-term capex but not necessarily near-term financing needs for chip replenishment.