Caroline Hyde

Tell you where else there's strength.

The bond market.

We're looking at shares of Alphabet.

But really, I want you to focus on its debt, because its bond offerings keep coming.

And after the U.S.

dollar debt sale raised $20 billion, yesterday it was upsized.

The company is now selling over $11 billion more in sterling and Swiss franc-denominated bonds.

And that super rare 100-year note we told you about yesterday, well, it was oversubscribed and then some, almost 10 times, according to sources.

Let's talk about it with Robert Schiffman from Blue Meg Intelligence.

In less than 24 hours, they've raised $32 billion, basically, on the debt markets.

Let's just focus in on what that 100-year debt signals about the confidence people have in this company.

There is some pushback in the market that, yes, it's a trophy on a pension fund's desk.

Maybe it's a trophy on Alphabet's CFO and treasurer's desk if they sell 100-year bonds.

But it also signals the top of the market.

Look, we go back to when the last time a tech company did this.

It was Motorola back in the 90s.

And people are trying to make the assertion that maybe Motorola was at the peak of its game then.

And where is it now?

What do you say to those sorts of question marks about 100-year debt?

But would they do 100 a year?