GoKawiilCoreWeave's 5-year credit default swaps top 1,000 basis points, signaling distress
CoreWeave's credit default swap spread spiked above 1,140 basis points before settling near 1,088, up 33% in a week and 177% over the past year, as bond yields on its 2031 notes climbed to nearly 16%. The neocloud company, which has amassed over $51 billion in debt and obligations for AI infrastructure, saw its stock fall further Thursday after a 15.5% drop the prior day, while peers Nebius and Iren also declined.