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

Odaily Odaily reports that SpaceX continues to enter the bond market at favorable timing. The benchmark 10-year U.S. Treasury yield closed at 4.507% on Monday, up from 4.450% last Thursday; the yield spread of high-grade corporate bonds over U.S. Treasuries is near multi-decade lows, indicating strong investor demand. Gil Luria, head of technology research at D.A. Davidson, stated that SpaceX's trading price is more dependent on investor expectations and therefore may face greater volatility.