SoftBank Five-Year CDS Spread Rises 22 Basis Points to a Four-Year High
SoftBank’s five-year credit default swap spread rose 22 basis points on Friday, reaching its highest level in four years as AI profitability concerns roiled markets.
The cost of insuring against a default for tech investor SoftBank Group TSE:9984 jumped to its highest 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 bps, a…