CoreWeave Bonds Plunge Into Distress; Musk Says 'Yikes'

Bloomberg reports CoreWeave's bonds plunged to levels that typically signal distress. A market post says its 2032 bonds yielded over 15%, shares fell as much as 16%, and Musk reacted with “yikes.” A separate post quotes DA Davidson analyst Gil Luria likening CoreWeave to borrowing at 9% to buy Treasuries yielding 5%; he warned it could be wiped out if things go badly.