AI credit default swap spreads widen sharply
QQQ•Five-year credit default swap spreads widened to records for Oracle and SoftBank, while CoreWeave’s spreads rose above 1,000 basis points. Oracle’s spreads widened 26 basis points overnight to 288 bps, and SoftBank’s rose 24 bps to 424 bps.
1. Spreads rise
Five-year credit default swap spreads at Oracle widened 26 basis points overnight to a record 288 bps. SoftBank’s spreads widened 24 bps to 424 bps, while CoreWeave’s rose above 1,000 bps.
