What you've written is the demand for debt. What's the supply like? You can't conclude demand exceeds supply without knowing both sides, and the US has printed more money than any other time in history.

The debt (bonds basically) is sitting on the books of investment banks. The article here is 5 days old - that "9 percent" figure is already out of date.

Here is today: Shares of AI cloud provider CoreWeave (CRWV) dropped over 15% Wednesday, a day after venture capitalist Chamath Palihapitiya posted on X a chart that showed the yield Nvidia-backed firm's 2032 bonds hit 15% yesterday as a sell-off brought prices into distressed territory. SOURCE: https://finance.yahoo.com/markets/stocks/articles/nvidia-bac...

I can conclude that supply is far exceeding demand because of the rates attached.