2026-10-20 17:40:39
CoreWeave 5-Year CDS Surges to 1,090bp, Implying 60% Default Risk; Stock Price Diverges
According to Bloomberg data, CoreWeave's (CRWV-US) 5-year credit default swap (CDS) surged to near 1,090 basis points on October 19, nearly triple the level from a year ago, implying approximately 60% default probability over the next five years. Meanwhile, the stock price on October 20 fell to