High-Yield Bonds

CoreWeave

2026-10-15 14:20:40

CoreWeave borrowing plan rattles investors as credit risk hits record high

CoreWeave, an AI cloud computing company, saw its credit risk climb to a record level on Oct. 15 as weakness in the high-yield bond market intensified. Data from ICE Data Services showed the cost of the company’s five-year credit default swaps, or CDS, rose by as much as 74.5 basis points to 1,194.5 basis points, an intraday record. According to swap-market pricing cited in the report, that level implies a default probability of more than 60% over the next five years. Investor concern was tied to the company’s plan to expand its borrowing further. At the same time, CoreWeave’s bonds ranked among the worst performers in the U.S. junk-bond market on Thursday. The report said the financing boom around artificial intelligence is making bond investors uneasy and prompting a reassessment of credit risk for some large technology companies, reflected in rising credit insurance costs, greater market volatility and weak bond performance. CoreWeave has drawn particular scrutiny because it entered the AI cloud sector relatively early and relies heavily on the high-yield bond market to fund expansion.

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New York Life

2026-09-22 06:35:05

New York Life Investment Management teams up with Centrifuge to bring a high-yield bond strategy on-chain

New York Life Investment Management is working with tokenization protocol Centrifuge to put one of its U.S. high-yield corporate bond strategies on-chain. The product will be built on Avalanche and will allow qualified institutional investors to subscribe and redeem using USDC. NYLIM manages more than $300 billion in assets, according to the report. The move points to tokenization expanding beyond cash-like government debt products and into actively managed credit strategies. It also adds another example of a traditional asset manager testing how public blockchains can be used to issue and service conventional investment products, according to NewsBTC as cited by Techub News.

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UBS

2026-09-22 06:21:30

UBS shifts allocation focus to Asian emerging-market bonds, keeps gold as a diversification play

UBS is tilting its asset-allocation focus toward Asian emerging-market bonds, according to comments made by Adrian Zuercher, the firm’s co-head of global asset allocation in the Chief Investment Office and co-head of global wealth management for Asia Pacific, in an interview with CNBC on Sept. 22. Zuercher said elevated global yields are creating more opportunities across credit and fixed-income markets. He said a strong macroeconomic backdrop is supporting emerging-market debt, adding that bonds tied to Asia’s technology sector, especially high-yield names, have outperformed the broader market in recent months. In his view, the overall quality of high-yield bonds is now better than it was 10 to 15 years ago, leaving Asian emerging-market bonds able to offer both attractive yields and support from a relatively steady macro environment. On commodities, UBS continues to favor gold for diversification. Zuercher said the current backdrop is constructive for the metal, with structural weakness in the U.S. dollar supporting prices. UBS also said broader commodity exposure can help diversify risk, pointing to higher oil prices linked to tensions in the Middle East and stronger demand for copper and other commodities tied to the AI boom.

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CleanSpark

2026-09-19 23:32:54

CleanSpark’s $2.28 billion junk bond draws 4x demand on back of Meta’s 20-year lease

CleanSpark, the Nasdaq-listed Bitcoin miner trading under CLSK, has completed an approximately $2.28 billion high-yield bond sale tied to an AI data center project leased to Meta. The deal reportedly drew about $10 billion in orders, more than four times the amount offered, with investor demand supported by a 20-year lease that underpins long-term cash flow. According to Bloomberg, Morgan Stanley served as lead underwriter for the five-year senior secured notes, which were priced at 98.5 cents on the dollar to yield 8.25%. That level stands about 1.75 percentage points above the average yield on BB-rated corporate bonds tracked by Bloomberg. CleanSpark said all proceeds will go toward building the data center in Sandersville, Georgia. Company materials show the facility has been fully leased to Meta subsidiary Anviran LLC under a contract valued at $6.6 billion. The site is expected to begin operations in the fourth quarter of 2027, with Meta guaranteeing rent and related operating costs. Separately, BitcoinTreasuries data cited in the report shows CleanSpark still holds 13,703 BTC, ranking ninth among U.S.-listed treasury holders.

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US Treasuries

2026-09-15 12:42:00

Bloomberg says a move in the US 10-year yield toward 5.25% could pressure both stocks and bonds

Bloomberg reported that the US 10-year Treasury yield climbed above 5% this week and is nearing 5.25%, a level the article describes as historically important for cross-asset pricing. The piece argues that when the 10-year yield stays above 5.25% for an extended period, stocks and bonds tend to move in the same direction, which weakens the traditional role of Treasuries as a hedge against US equities and can increase portfolio losses instead. It also says that if yields keep rising, Treasury volatility and the VIX could move higher, while credit spreads in high-yield bonds may widen. That combination would leave markets facing greater uncertainty around discount rates and tighter liquidity conditions. The author adds that structural inflation pressure, firmer commodity prices, and uncertainty ahead of the Federal Open Market Committee meeting are key factors to watch if the 10-year yield remains above 5.25% for some time.

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NYLIM

2026-09-02 07:33:36

NYLIM Teams With Centrifuge on USDC Tokenized High-Yield Fund

New York Life Investment Management (NYLIM) has partnered with Centrifuge to launch a tokenized high-yield bond fund. The fund accepts USDC for subscriptions and redemptions and is scheduled to integrate RedStone Settle on September 1, making on-chain exits possible in roughly 300 milliseconds. NYLIM manages more than $800 billion in assets. The decision to shift the fund onto blockchain rails is meant to improve settlement efficiency. RedStone's 300-millisecond exit capability is designed to relieve institutional worries over liquidity in tokenized funds, bringing the fund's liquidity profile closer to exchange-traded instruments. The report originated from CryptoBriefing and was relayed by Techub News. The launch pairs a traditional asset manager with crypto-based settlement infrastructure. USDC gives investors a stablecoin-based route in and out of a high-yield credit strategy. RedStone Settle acts as the fast-exit layer, while the underlying product remains a high-yield bond fund. Together, these elements turn a conventional fixed-income vehicle into an on-chain product with near-real-time redemption mechanics.

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Centrifuge

2026-08-31 17:09:25

Centrifuge’s HYB token receives Particula A rating

Centrifuge’s HYB token has received an A rating from ratings firm Particula, according to a Techub News brief citing Crypto Briefing. The rating was described as a factor that could strengthen market trust in tokenized assets. The report also said it may help speed up institutional adoption of blockchain-based financial products. HYB is tied to Centrifuge, a decentralized asset financing protocol, and the development speaks to credibility around tokenized high-yield bond exposure. No additional details on methodology, timeline, or product structure were disclosed in the source brief.

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Securitize

2026-08-21 13:00:01

Securitize and Neuberger Berman launch HINC tokenized fund

Securitize and Neuberger Berman have launched the Neuberger Securitize High Income Tokenized Fund, or HINC, a private tokenized fund aimed at qualified investors. The product is live across four blockchain networks: Sui, Solana, Avalanche, and Ethereum. According to the source, the fund offers tokenized exposure to high-yield bonds, leveraged loans, and mortgage debt. Securitize is handling administration and compliance infrastructure, while Neuberger Berman serves as investment adviser. The report also draws a distinction between HINC and stablecoins, describing HINC as an actively managed private tokenized fund. Its multi-chain rollout points to a pattern among tokenization issuers: using cross-chain availability to meet varying compliance and operational needs across investor groups, rather than relying on a single blockchain ecosystem.

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