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Topic

Credit default swaps

Derivative contracts that insure a borrower's debt against default; their spreads are a market gauge of credit risk.

Current clusters

invest7 publishers

SoftBank's record-yield junk bonds draw more than $30 billion of orders

SoftBank is marketing junk bonds at yields up to 9.875% to raise more than $11 billion toward nearly $65 billion of OpenAI commitments. The yields are the company's highest ever at those maturities, and high-yield buyers are still competing to lend at them.

Perspective Coverage

7 publishers
Builder
Builder 9%
Operator
Operator 20%
Investor
Investor 71%

Reality

Evidence78
Adoption72
Hype gap+12
Incentives58
Confidence75