CoreWeave Bond Yield Tops 16% as AI Data-Center Credit Stress Rises

The yield on CoreWeave's 2032 bond, which carries a 9.625% coupon, has climbed above 16%, while its five-year credit default swaps—insurance against default—spiked above 1,289 basis points on Thursday, according to Deutsche Bank, as credit markets demand more protection from AI data-center borrowers.