16 hours ago
Intel CDS spread hits record high after earnings release
Intel’s credit risk gauges jumped sharply after the company’s earnings release, with the cost of insuring its debt against default climbing to a record level. The move followed Intel’s warning that it expects net cash outflow this year as weakness in the personal computer, or PC, market continues to weigh on the business. According to Markit data, Intel’s five-year credit default swap, or CDS, spread widened by 17.5 basis points to 124.75 basis points. The spread was also on track for its biggest single-day increase since October 2022. The report was carried by Odaily and cited Jin10 as the source of the market data update.
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