SoftBank Default Insurance Cost Jumps to Four-Year High
SoftBank’s five-year credit default swap spread rose 22 basis points to 466 on Friday, reaching its highest level in four years. The move came as worries about AI profitability roiled global financial markets.
The cost of insuring against a default for tech investor SoftBank Group TSE:9984 jumped to its highest point in four years on Friday as worries about AI profitability roiled the world's financial markets.The 5-year credit default swap spread for SoftBank (SFTB5YJPAC=MG) rose 22 basis points to 466…