> has now widened from the initial +175bps to a whopping +231bps doing more than two-thirds of the work.
2.31% spread over treasuries is heading for junk bond status?
It's a lot closer to junk (approx 2.7%) than it is to investment grade (approx 0.8%):
No, but the fact that they're the worst-performing BBB bonds, the company is burning cash, and the equity being down 38% since its peak after 1 month of trading is indicative of the market's…suspicions.
We'll see what ratings agencies think of the health of the company.
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I mean, due to the DOGE defunding USAID he is responsible for like 700,000 deaths. [1][2] You like that guy?
1. https://www.cnn.com/2026/02/04/world/lancet-usaid-global-aid...
2. https://www.latintimes.com/researchers-estimate-usaid-cuts-h...
If these figure represent actual deaths (big if), those people will have died because literally nobody on earth was willing to pay to keep them alive--yourself included.
If a pillar is removed from a building with no warning, no one would claim that its collapse was from the unwillingness of anyone else to put a new one in place.
If DOGE had announced a 2-year phaseout of humanitarian aid, governments and NGOs might have had time to fill the gap. Doing so arbitrarily and abruptly was simply cruel.
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