SpaceX enters bond market with yield spreads near multi-decade lows

Odaily Planet Daily News: SpaceX is still entering the bond market at a favorable time. The benchmark 10-year U.S. Treasury note yield closed at 4.507% on Monday, up from 4.450% last Thursday; the yield spread of high-grade corporate bonds relative to U.S. Treasuries is near multi-decade lows, indicating strong investor demand. Gil Luria, Head of Technology Research at D.A. Davidson, said that SpaceX's trading price is more dependent on investor expectations and may therefore face significant volatility.