CoreWeave 2031 bonds yield past 16 percent; five-year CDS near 1,100–1,200 bps

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CoreWeave’s unsecured bonds due 2031–2032 traded as low as the mid-70s cents on the dollar Thursday, pushing yields above 16 percent. Five-year credit default swaps hit roughly 1,100–1,194 basis points, implying a market-priced default probability above 60 percent within five years. The company carries roughly $50 billion in debt and obligations. Stock fell another 2–6 percent after Wednesday’s 15.5 percent drop. Nvidia CEO Jensen Huang said he does not expect to provide a bailout. Oracle CDS also reached records.

https://www.reuters.com/legal/transactional/coreweave-shares-bonds-slide-further-ai-debt-fears-mount-2026-10-15/

https://www.cnbc.com/2026/10/15/coreweave-credit-default-swaps-hit-distress-levels-as-investors-sour-on-ai-debt.html

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