Abhinav Ramnarayan

CoreWeave Inc. is to hold calls with European high-yield investors on Tuesday as the AI infrastructure provider considers financing transactions that may include dollar and euro bonds.

Fears of a stagflation shock from the Middle East conflict are increasingly souring investor sentiment toward the weakest global corporate borrowers, many of which binged on cheap debt during the era of ultra-low interest rates.

Global investors now require about 6.4 percentage points of extra yield to own high-risk CCC rated bonds over other junk notes that sit just below investment grade, the largest premium in 14 months, Bloomberg indexes show. Credit funds are bracing for even greater stress in higher-risk loans and private credit where debt from a $2 trillion leveraged buyout boom is concentrated.

Man Group Plc says “bubble risks” are mounting as bond sales boom in the race to build out artificial intelligence infrastructure.

Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector.

Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the U.S. subprime mortgage sector.

Lee Robinson, gestor de hedge funds que obtuvo una ganancia de 900% durante la crisis financiera global al convertir una posición de US$20 millones en US$200 millones mediante apuestas oportunas contra el mercado hipotecario subprime estadounidense, considera que está surgiendo una nueva oportunidad de inversión ante los crecientes riesgos del crédito privado.

Abhinav Ramnarayan, Tasos Vossos and Liza Tetley, Bloomberg News

Bonds issued last month by AI infrastructure firm CoreWeave Inc. fell for a second day running after reports that Meta Platforms Inc. is developing plans for a competing cloud business hit its shares and debt.

UK digital lender Lendable Ltd. is raising £500 million ($671 million) by selling securities backed by a portfolio of personal loans, a deal that would support its ambitions to push further into lending.