SpaceX Enters the Bond Market; Yield Spread Nears Decade-Low Levels
Svmuu News: SpaceX is still entering the bond market at an opportune time. The benchmark 10-year U.S. Treasury yield closed at 4.507% on Monday, up from 4.450% last Thursday; the yield spread between high-rated corporate bonds and U.S. Treasuries is near a decades-low, indicating strong investor demand. Gil Luria, head of technical research at D.A. Davidson, said that SpaceX’s trading price depends more on investor expectations and is therefore likely to face significant volatility.
Source:Odaily · Source Link
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