Bloomberg: CoreWeave bond protection costs hit record as default swaps top 60%
kimmonismus · x · 2026-10-16
kimmonismus follows up his CoreWeave analysis thread with the original Bloomberg report. It details the tug of war between investors fearing rising bond yields and those betting on compute demand: shares fell 20% in the week's first three sessions (over 15% on Wednesday), bonds sank to distress levels, and Thursday morning the cost of protecting CoreWeave bonds hit a record intraday high, with swaps pricing in a >60% chance of default within five years.
Related event: CoreWeave slides 20% in three days as debt markets price 60% default odds(3 posts)→
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