Institutional investors seem to be selling coinbase and MicroStrategy bonds in the wake of FTX's collapse. reports godbole17
data source Finra-Morningstar, sending the yield – which moves in the opposite direction to price – to a record high 13.5%. The decline comes after nearly three months of consolidation and marks an extension of the bearish trend seen early this year. The yield on the company's bond due in 2026 jumped to 17%.
The companies' bonds carry a premium of around 1,000 basis points – or 10 percentage points – to the U.S. 10-year Treasury note yield, as of Friday. In traditional markets, a premium of that level is taken to represent credit stress. The 10-year Treasury was yielding 3.80% at press time.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX hacker dumps 50,000 ETH, still among top 40 Ether holdersThe FTX hacker drained nearly $447 million out of multiple FTX global and FTX.US exchange wallets just hours after the crypto exchange filed for Chapter 11 bankruptcy on Nov. 11.
Read more »
Bitcoin drops to 1-week low, ether slides 7% as FTX collapse ripples through crypto marketThe cryptocurrency market has come under pressure over the last two weeks as problems at major exchange FTX came to light.
Read more »
The FTX collapse not enough to break crypto community’s spirit: IBW 2022Istanbul Blockchain Week was held in Turkey, and one Cointelegraph editor was there to experience the impact of the FTX collapse firsthand — the result was unexpected.
Read more »
FTX-owned Liquid exchange pauses all trading after withdrawal haltThe Japanese cryptocurrency exchange Liquid is halting all trading due to FTX filing for Chapter 11 bankruptcy protection in the United States.
Read more »
Charlie Munger on bitcoin, crypto, FTX, Elon Musk, Tesla, Fed, goldWarren Buffett's right-hand man blasted crypto, praised Elon Musk and Tesla, and defended the Fed in a rare interview this week. Here are the 14 best quotes.
Read more »