PremiumMarket participants had expected a GOOGL deal to come to the market for some time, and it did late last week, although it was so large ($25BN+) spreads promptly blew out even more immediately after.The 30y bond priced with a 15-20bp new issue concession (+115) and closed the week 7bps tighter from pricing (+108). On the week, the GS AI basket outperformed closing -2.8bps tighter compared to our GS IG100 broad based basket which finished -1.8bps tighter.
Hyperscaler CDS Volumes Explode To All-Time High On Credit, Circular Financing Fears
'Rolling one month trading volumes are up 10x in NVDA, AMD and AVGO sparked by recent announcements that these companies are willing to provide various forms of seller financing and guarantees for their buyers."
77 words~1 min read
