Cost of insuring against Wall Street tech debt defaults hits record highs
The cost of insuring against defaults by major US tech firms has hit record highs, ABC Australia reported. CoreWeave, which has more than $US50 billion in debt, saw its five-year credit default swap spread reach a record 1.14 per cent this week before easing to 1.03 per cent.
The cost of insuring against defaults by major US tech firms has hit record highs, ABC Australia reported. CoreWeave, which has more than $US50 billion in debt, saw its five-year credit default swap spread reach a record 1.14 per cent this week before easing to 1.03 per cent.
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1. ABC AustraliaView Original
